BlackRock Inc. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,899,271 shares of the semiconductor provider's stock, valued at approximately $6,716,412,000. BlackRock Inc. owned approximately 9.48% of NXP Semiconductors at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at about $28,000. Bell Investment Advisors Inc bought a new stake in NXP Semiconductors during the 2nd quarter worth about $29,000. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $26,000. SHP Wealth Management bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $27,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $28,000. Institutional investors own 90.54% of the company's stock.
NXP Semiconductors Price Performance
NXPI opened at $232.72 on Tuesday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm has a market capitalization of $58.68 billion, a PE ratio of 19.86, a P/E/G ratio of 0.80 and a beta of 1.82. The company has a fifty day moving average price of $271.70 and a two-hundred day moving average price of $252.70.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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 return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders 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 yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is 34.64%.
Analysts Set New Price Targets
NXPI has been the topic of several research analyst reports. Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. KeyCorp increased their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Finally, Bank of America restated a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen 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's stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $305.43.
Read Our Latest Stock Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In related news, EVP Christopher L. Jensen sold 1,746 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.
NXP Semiconductors Company Profile
(
Free Report)
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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