Asset One Wealth Management LLC Invests $4.66 Million in NXP Semiconductors N.V. $NXPI

Key Points

• Asset One Wealth Management initiated a $4.66 million position in NXP Semiconductors, buying 16,697 shares in the second quarter. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share, exceeding estimates, 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.
• The company declared a quarterly dividend of $1.014 per share, equivalent to an annualized $4.06 payout and a 1.8% yield. Two executives also sold shares under pre-arranged Rule 10b5-1 trading plans.

Asset One Wealth Management LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,697 shares of the semiconductor provider's stock, valued at approximately $4,659,000.

Several other large investors have also bought and sold shares of NXPI. MGO One Seven LLC grew its holdings in NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock valued at $3,011,000 after purchasing an additional 5,359 shares during the period. Teacher Retirement System of Texas increased its stake in NXP Semiconductors by 16.4% in the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider's stock valued at $9,847,000 after purchasing an additional 6,379 shares in the last quarter. Deutsche Bank AG increased its stake in NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock valued at $418,538,000 after purchasing an additional 93,316 shares in the last quarter. Barclays PLC raised its holdings in NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock worth $495,634,000 after purchasing an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock worth $59,496,000 after purchasing an additional 8,676 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% 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. Also, EVP Andrew Micallef sold 1,000 shares of the firm'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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $225.56 on Monday. The company's 50-day moving average price is $265.95 and its two-hundred day moving average price is $252.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock has a market capitalization of $56.88 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 EPS. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NXPI shares. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 target price on shares of NXP Semiconductors in a report on Monday, August 17th. Finally, Truist Financial lifted their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $305.43.

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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