Global Retirement Partners LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,398 shares of the semiconductor provider's stock, valued at approximately $1,798,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 buying an additional 2,672,697 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of NXP Semiconductors during the second quarter worth $337,167,000. Soroban Capital Partners LP purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth about $169,943,000. Finally, Invesco Ltd. raised its position in NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Trading Down 0.8%
NXPI opened at $232.72 on Tuesday. The firm has a 50 day simple moving average of $271.70 and a 200 day simple moving average of $252.70. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.72 earnings per share. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.
Analyst Ratings Changes
A number of analysts have weighed in on NXPI shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research 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 report on Monday. Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Raymond James Financial increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Sixteen equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $305.43.
View Our Latest Report on NXPI
Insider Buying and Selling
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business'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. The trade was a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business'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 directly owned 3,643 shares in the company, valued at $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 company insiders.
NXP Semiconductors Company 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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