Bank of New York Mellon Corp Purchases Shares of 1,199,755 NXP Semiconductors N.V. $NXPI

Key Points

• Bank of New York Mellon acquired 1,199,755 NXP Semiconductors shares worth approximately $337.2 million, giving it a 0.48% stake. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share, beating estimates by $0.09, while revenue rose 19.5% year over year to $3.50 billion. The company also pays a quarterly dividend of $1.014 per share, equivalent to a 1.8% yield.
• Analysts maintain a “Moderate Buy” consensus, with 16 Buy, nine Hold, and one Sell rating and an average price target of $305.43.

Bank of New York Mellon Corp bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,199,755 shares of the semiconductor provider's stock, valued at approximately $337,167,000. Bank of New York Mellon Corp owned 0.48% of NXP Semiconductors as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of NXPI. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter worth $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NXP Semiconductors by 34,719.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider's stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the last quarter. Soroban Capital Partners LP acquired a new stake in shares of NXP Semiconductors in the 1st quarter worth $169,943,000. Invesco Ltd. increased its position in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the last quarter. Finally, Amundi boosted its position in shares of NXP Semiconductors by 46.6% during the fourth quarter. Amundi now owns 2,203,488 shares of the semiconductor provider's stock worth $478,270,000 after buying an additional 700,753 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Up 1.2%

Shares of NXPI stock opened at $225.56 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm's 50 day moving average price is $265.95 and its two-hundred day moving average price is $252.35. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is 34.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NXPI shares. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $305.43.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Company 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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