ASR Vermogensbeheer N.V. Purchases New Shares in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• ASR Vermogensbeheer N.V. purchased 15,080 shares of NXP Semiconductors, valued at approximately $2.87 million, indicating growing interest in the semiconductor sector.
• NXP Semiconductors recently reported quarterly earnings of $2.72 per share, surpassing analyst expectations and reflecting a net margin of 17.72% despite a 6.4% year-over-year revenue decline.
• Investment analysts have raised their price targets for NXP Semiconductors, with estimates now ranging from $240.00 to $289.00, reflecting overall positive sentiment toward the stock.

ASR Vermogensbeheer N.V. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,080 shares of the semiconductor provider's stock, valued at approximately $2,866,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Manchester Capital Management LLC lifted its position in NXP Semiconductors by 14.7% during the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock worth $85,000 after acquiring an additional 57 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of NXP Semiconductors by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after purchasing an additional 58 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of 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 purchasing an additional 59 shares during the period. Keel Point LLC lifted its holdings in shares of NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in NXP Semiconductors by 2.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock valued at $571,000 after buying an additional 67 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $205.91 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $51.91 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41. The firm has a 50-day moving average price of $217.83 and a two-hundred day moving average price of $206.75. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the company posted $3.20 EPS. The company's revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Evercore ISI reiterated an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. JPMorgan Chase & Co. increased their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial lifted their price objective on NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $256.05.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. This represents a 81.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.