ABN AMRO Bank N.V. Acquires New Holdings in NXP Semiconductors N.V. $NXPI

ABN AMRO Bank N.V. bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,178 shares of the semiconductor provider's stock, valued at approximately $1,452,000.

A number of other large investors have also recently added to or reduced their stakes in NXPI. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors during the 4th quarter valued at approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at approximately $28,000. Finally, Jessup Wealth Management Inc acquired a new stake in NXP Semiconductors in the 4th quarter valued at approximately $29,000. Institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NXPI. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $290.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Finally, Barclays increased their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $305.43.

NXP Semiconductors Stock Up 1.2%

Shares of NXPI stock opened at $234.71 on Friday. The stock has a market cap of $59.18 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a fifty day moving average price of $273.07 and a 200 day moving average price of $252.52. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the prior year, the company posted $2.72 EPS. The business's revenue was up 19.5% on a year-over-year basis. Analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is currently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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