Charles Schwab Investment Management Inc. Raises Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in NXP Semiconductors by 1.0% during the 1st quarter, now owning approximately 0.57% of the company valued at $273.45 million.
• Wall Street analysts have positive outlooks for NXP Semiconductors, with an average price target of $256.05 and multiple firms rating the stock as a "buy."
• NXP Semiconductors reported earnings per share of $2.72 for the last quarter, exceeding expectations, despite a year-over-year revenue decline of 6.4%.

Charles Schwab Investment Management Inc. boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,438,779 shares of the semiconductor provider's stock after buying an additional 13,567 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.57% of NXP Semiconductors worth $273,454,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NXPI. Manchester Capital Management LLC increased its stake in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock worth $85,000 after buying an additional 57 shares during the period. Oregon Public Employees Retirement Fund raised its holdings 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 valued at $4,145,000 after acquiring an additional 58 shares in the last quarter. Hemington Wealth Management increased its position in NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 59 shares during the period. Keel Point LLC increased its position in NXP Semiconductors by 4.7% during the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in NXP Semiconductors by 2.3% during 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 purchasing an additional 67 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $14.89 during trading on Tuesday, reaching $220.05. The company had a trading volume of 4,209,973 shares, compared to its average volume of 3,024,264. The firm's 50-day simple moving average is $218.43 and its 200 day simple moving average is $206.48. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The firm has a market capitalization of $55.48 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's payout ratio is 48.39%.

Analyst Ratings Changes

NXPI has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 price objective on the stock. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Susquehanna raised their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a report 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on 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 approximately $6,230,240. This trade represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

About NXP Semiconductors

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.