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Banque Cantonale Vaudoise Buys New Shares in NXP Semiconductors N.V. (NASDAQ:NXPI)

NXP Semiconductors logo with Computer and Technology background

Key Points

  • Banque Cantonale Vaudoise invested approximately $3.58 million in NXP Semiconductors by acquiring 18,826 shares in the first quarter.
  • NXP Semiconductors reported earnings per share (EPS) of $2.72 for the last quarter, exceeding estimates, with a quarterly revenue of $2.93 billion.
  • Recent analyst upgrades for NXP Semiconductors include price target increases from UBS Group to $276.00 and from Citigroup to $275.00, maintaining a generally positive outlook for the stock.
  • MarketBeat previews top five stocks to own in September.

Banque Cantonale Vaudoise purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,826 shares of the semiconductor provider's stock, valued at approximately $3,577,000.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after purchasing an additional 218 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in NXP Semiconductors by 25.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 9,595 shares of the semiconductor provider's stock worth $2,012,000 after buying an additional 1,957 shares during the last quarter. Summit Financial LLC increased its holdings in shares of NXP Semiconductors by 9.4% in the 4th quarter. Summit Financial LLC now owns 1,980 shares of the semiconductor provider's stock valued at $413,000 after acquiring an additional 170 shares during the last quarter. Cannell & Spears LLC lifted its stake in NXP Semiconductors by 3.2% during the fourth quarter. Cannell & Spears LLC now owns 4,150 shares of the semiconductor provider's stock worth $863,000 after purchasing an additional 128 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its holdings in NXP Semiconductors by 9.0% in the fourth quarter. Nemes Rush Group LLC now owns 32,730 shares of the semiconductor provider's stock valued at $6,803,000 after purchasing an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $3.85 during trading hours on Friday, hitting $209.92. The stock had a trading volume of 2,554,398 shares, compared to its average volume of 2,588,644. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.43 and a beta of 1.42. The stock's fifty day moving average is $216.49 and its two-hundred day moving average is $206.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. TD Cowen lifted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research report on Monday, April 21st. Susquehanna raised their price target on NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, KGI Securities raised NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

Read Our Latest Analysis on NXP Semiconductors

Insider Buying and Selling at NXP Semiconductors

In other news, CFO William Betz sold 6,785 shares of the company's stock in a transaction 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 sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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