APG Asset Management N.V. Purchases 58,599 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• APG Asset Management N.V. increased its stake in NXP Semiconductors by 29.9% during the first quarter, now holding approximately $44.85 million in shares.
• NXP Semiconductors received multiple positive ratings upgrades from analysts, with a new average price target of $256.05 and a consensus rating of "Moderate Buy."
• Insider selling was noted, with President Rafael Sotomayor selling 2,000 shares, representing a 28.74% decrease in his ownership, as company insiders sold 17,917 shares in total over the last three months.

APG Asset Management N.V. lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 29.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,895 shares of the semiconductor provider's stock after purchasing an additional 58,599 shares during the quarter. APG Asset Management N.V. owned 0.10% of NXP Semiconductors worth $44,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NXPI. Hemington Wealth Management raised its stake in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Valley National Advisers Inc. raised its stake in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the fourth quarter worth about $44,000. Rossby Financial LCC bought a new stake in NXP Semiconductors during the first quarter worth about $46,000. Finally, GoalVest Advisory LLC grew its stake in NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after buying an additional 227 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. KeyCorp upped their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Barclays increased their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Finally, Citigroup increased their target price on NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,917 shares of company stock worth $4,082,002. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Stock Down 0.1%

NXP Semiconductors stock traded down $0.15 during midday trading on Wednesday, reaching $237.67. The stock had a trading volume of 1,053,965 shares, compared to its average volume of 2,992,525. The stock has a market capitalization of $59.92 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.68 and a beta of 1.41. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $257.61. The firm's fifty day simple moving average is $222.48 and its 200-day simple moving average is $207.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 48.27%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.