Fifth Third Bancorp Buys 2,287 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Fifth Third Bancorp increased its holdings in NXP Semiconductors by 12.4% during Q2, acquiring an additional 2,287 shares, bringing its total stake to 20,664 shares valued at $4.515 million.
• NXP Semiconductors received multiple analyst upgrades, including a "strong-buy" rating from KGI Securities and an increased target price from Citigroup, now set at $275.00.
• The company will distribute a quarterly dividend of $1.014 per share on October 8th, resulting in an annualized yield of 1.8%.

Fifth Third Bancorp lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,664 shares of the semiconductor provider's stock after purchasing an additional 2,287 shares during the period. Fifth Third Bancorp's holdings in NXP Semiconductors were worth $4,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in shares of NXP Semiconductors by 15.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,336 shares of the semiconductor provider's stock worth $1,774,000 after purchasing an additional 1,274 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after purchasing an additional 698 shares in the last quarter. Cullen Investment Group LTD. raised its stake in shares of NXP Semiconductors by 14.0% during the 2nd quarter. Cullen Investment Group LTD. now owns 11,903 shares of the semiconductor provider's stock worth $2,601,000 after purchasing an additional 1,458 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $320,000. Finally, Assenagon Asset Management S.A. raised its stake in NXP Semiconductors by 163.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 113,896 shares of the semiconductor provider's stock valued at $24,885,000 after acquiring an additional 70,697 shares during the period. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. KGI Securities upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their price target on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Citigroup increased their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Needham & Company LLC increased their price target on NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.05.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president owned 4,958 shares in the company, valued at $1,088,628.06. This trade represents a 28.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William Betz sold 6,785 shares of the 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 approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,917 shares of company stock worth $4,298,212 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Down 0.4%

NXPI stock opened at $226.81 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The stock has a market capitalization of $57.18 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.58 and a beta of 1.43. The business's fifty day moving average price is $224.43 and its two-hundred day moving average price is $208.68. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $256.62.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 27.99% and a net margin of 17.72%.The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 17th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

NXP Semiconductors Company Profile

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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.