Andra AP fonden Has $20.47 Million Stock Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Andra AP fonden increased its NXP Semiconductors stake by 7.1% in the second quarter, owning 72,841 shares valued at approximately $20.47 million. Institutional investors collectively hold 90.54% of the company.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst expectations; revenue rose 19.5% year over year.
• The company declared a quarterly dividend of $1.014, equivalent to a $4.06 annualized payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $305.65, above the reported share price of $235.63.

Andra AP fonden increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,841 shares of the semiconductor provider's stock after purchasing an additional 4,800 shares during the period. Andra AP fonden's holdings in NXP Semiconductors were worth $20,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its position in NXP Semiconductors by 6.4% during the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock worth $3,298,932,000 after buying an additional 702,099 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $59,000. Integrated Wealth Concepts LLC grew its holdings in shares of NXP Semiconductors by 40.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,051 shares of the semiconductor provider's stock worth $3,387,000 after purchasing an additional 3,466 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of NXP Semiconductors by 37.5% in the second quarter. Parkside Financial Bank & Trust now owns 682 shares of the semiconductor provider's stock worth $192,000 after purchasing an additional 186 shares during the period. Finally, Corient Private Wealth LP acquired a new position in NXP Semiconductors in the second quarter valued at about $97,000. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded up $3.22 during trading on Tuesday, reaching $235.63. 777,908 shares of the company were exchanged, compared to its average volume of 3,559,978. The company has a market capitalization of $59.42 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 0.78 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 company has a 50-day moving average of $238.44 and a two-hundred day moving average of $251.50. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $3.47 billion. During the same period in the prior year, the business earned $2.72 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. TD Cowen cut their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. UBS Group reiterated a "neutral" rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. Wells Fargo & Company reduced their target price on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $305.65.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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