Danske Bank A S Invests $34.33 Million in NXP Semiconductors N.V. $NXPI

Danske Bank A S bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 122,147 shares of the semiconductor provider's stock, valued at approximately $34,327,000.

Several other hedge funds also recently made changes to their positions in NXPI. MGO One Seven LLC boosted its stake in NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock worth $3,011,000 after acquiring an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of NXP Semiconductors by 16.4% in the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider's stock worth $9,847,000 after purchasing an additional 6,379 shares in the last quarter. Deutsche Bank AG grew its stake in shares of NXP Semiconductors by 5.1% in the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock worth $418,538,000 after buying an additional 93,316 shares during the last quarter. Barclays PLC increased its position in NXP Semiconductors by 31.5% during the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock valued at $495,634,000 after buying an additional 546,790 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in NXP Semiconductors by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock valued at $59,496,000 after buying an additional 8,676 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This 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 can be accessed 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 the firm's 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 completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $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. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $226.02 on Thursday. The firm has a market capitalization of $56.99 billion, a PE ratio of 19.28, a P/E/G ratio of 0.78 and a beta of 1.81. The company has a 50 day moving average price of $269.13 and a 200-day moving average price of $252.57. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. 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 (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the company posted $2.72 earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NXPI. Morgan Stanley raised their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday. Raymond James Financial raised their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of NXP Semiconductors from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors 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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