Commerce Bank bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,295 shares of the semiconductor provider's stock, valued at approximately $7,952,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in NXP Semiconductors during the 2nd quarter worth about $6,716,412,000. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NXP Semiconductors by 34,719.4% in the 4th 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 valued at $581,807,000 after acquiring an additional 2,672,697 shares in the last quarter. Deutsche Bank AG bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $570,925,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $337,167,000. Institutional investors own 90.54% of the company's stock.
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company's stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. 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 currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts recently commented on NXPI shares. Susquehanna increased their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Barclays boosted their price target on NXP Semiconductors from $295.00 to $340.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, August 17th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Evercore raised their target price on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $305.43.
Check Out Our Latest Stock Report on NXP Semiconductors
NXP Semiconductors Price Performance
Shares of NASDAQ NXPI opened at $225.56 on Monday. The business's 50 day moving average price is $265.95 and its two-hundred day moving average price is $252.50. The company has a market cap 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. 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 twelve month low of $183.00 and a twelve month high of $339.95.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.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 prior year, the company earned $2.72 earnings per share. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current 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 paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is 34.64%.
NXP Semiconductors Profile
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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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