Amundi Makes New $513.42 Million Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Amundi acquired 1.83 million NXP Semiconductors shares worth approximately $513.4 million, giving it a 0.72% stake. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly EPS of $3.61, exceeding estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.43.
• NXP declared a quarterly dividend of $1.014 per share, equivalent to $4.06 annually and a 1.8% yield. An executive separately sold 1,000 shares under a pre-arranged Rule 10b5-1 trading plan.

Amundi bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,827,193 shares of the semiconductor provider's stock, valued at approximately $513,420,000. Amundi owned 0.72% of NXP Semiconductors as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. HighTower Advisors LLC bought a new stake in NXP Semiconductors during the 2nd quarter valued at $19,182,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of NXP Semiconductors in the 2nd quarter worth $6,506,000. Financial Insights Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter worth $231,000. California State Teachers Retirement System lifted its stake in shares of NXP Semiconductors by 29,659.8% during the 2nd quarter. California State Teachers Retirement System now owns 106,611,541 shares of the semiconductor provider's stock worth $29,961,041,000 after purchasing an additional 106,253,301 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth $33,000. Institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company's stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $227.84 on Tuesday. The business's 50-day simple moving average is $249.19 and its two-hundred day simple moving average is $251.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a market cap of $57.45 billion, a PE ratio of 19.44, a PEG ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week 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, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the business posted $2.72 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's payout ratio is presently 34.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NXPI shares. Wall Street Zen upgraded NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Sunday. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Mizuho reduced their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $305.43.

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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