ARGA Investment Management LP Acquires 64,562 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• ARGA Investment Management LP boosted its stake in NXP by 32.8%, buying 64,562 shares to hold 261,182 shares (about 0.10% of NXP, ~$56.7M), which represents roughly 1.5% of ARGA’s holdings and is its 14th-largest position.
• Insiders have sold 10,865 shares worth $2.51M over the last 90 days—including EVP Andrew Hardy’s 5,289-share sale under a Rule 10b5‑1 plan—while company insiders own 0.12% and institutional investors own 90.54% of the stock.
• NXP has a market cap of ~$59.8B, recently beat quarterly EPS ($3.35 vs. $3.31), pays a $1.014 quarterly dividend ($4.06 annualized, 1.7% yield), and carries a consensus analyst rating of Moderate Buy with a $250.59 target.

ARGA Investment Management LP raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,182 shares of the semiconductor provider's stock after buying an additional 64,562 shares during the period. NXP Semiconductors comprises about 1.5% of ARGA Investment Management LP's holdings, making the stock its 14th largest position. ARGA Investment Management LP owned approximately 0.10% of NXP Semiconductors worth $56,692,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. M&T Bank Corp lifted its holdings in shares of NXP Semiconductors by 61.3% in the fourth quarter. M&T Bank Corp now owns 12,902 shares of the semiconductor provider's stock valued at $2,800,000 after purchasing an additional 4,902 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of NXP Semiconductors by 4.6% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 11,721 shares of the semiconductor provider's stock valued at $2,544,000 after purchasing an additional 518 shares in the last quarter. Washington Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 1.8% in the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider's stock valued at $659,000 after purchasing an additional 55 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of NXP Semiconductors by 7.1% in the fourth quarter. D.A. Davidson & CO. now owns 7,969 shares of the semiconductor provider's stock valued at $1,730,000 after purchasing an additional 531 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of NXP Semiconductors by 4.0% in the fourth quarter. Sanctuary Advisors LLC now owns 21,158 shares of the semiconductor provider's stock valued at $4,593,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares of the company's stock, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,865 shares of company stock worth $2,508,416 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $236.87 on Tuesday. The firm has a market cap of $59.82 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.12 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a 52 week low of $176.26 and a 52 week high of $256.36. The firm's 50-day simple moving average is $210.61 and its two-hundred day simple moving average is $217.00.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.18 earnings per share. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 12.51 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's payout ratio is presently 51.01%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Sanford C. Bernstein reissued a "market perform" rating and set a $240.00 price target on shares of NXP Semiconductors in a research report on Wednesday, February 4th. Mizuho reissued an "underperform" rating and set a $188.00 price target (down from $255.00) on shares of NXP Semiconductors in a research report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $245.00 to $250.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Truist Financial dropped their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a "buy" rating on the stock in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $250.59.

NXP Semiconductors Profile

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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