J. Goldman & Co LP Makes New Investment in NXP Semiconductors N.V. $NXPI

Key Points

• J. Goldman & Co. LP bought 24,511 shares of NXP Semiconductors in the second quarter, valued at approximately $6.9 million. Institutional investors collectively own 90.54% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $305.43; recent targets range as high as $325.
• NXP exceeded quarterly expectations, reporting $3.61 in earnings per share and $3.50 billion in revenue, up 19.5% year over year. The company also declared a quarterly dividend of $1.014, implying a 1.8% annualized yield.

J. Goldman & Co LP bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,511 shares of the semiconductor provider's stock, valued at approximately $6,888,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in NXP Semiconductors during the second quarter valued at $6,716,412,000. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider's stock valued at $2,954,739,000 after acquiring an additional 293,558 shares during the period. State Street Corp boosted its position in NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock worth $2,407,382,000 after purchasing an additional 55,098 shares during the last quarter. Invesco Ltd. grew its stake in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after purchasing an additional 818,985 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider's stock valued at $1,180,572,000 after purchasing an additional 30,804 shares during the period. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of research reports. 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 report on Wednesday, April 29th. Truist Financial lifted their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Evercore boosted their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Loop Capital raised their target price on NXP Semiconductors from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors 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 sale, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% 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 owned by insiders.

NXP Semiconductors Stock Up 1.0%

Shares of NXPI opened at $224.75 on Wednesday. The business's 50 day moving average is $262.52 and its 200 day moving average is $252.50. The company has a market capitalization of $56.67 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping 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 business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company posted $2.72 EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued 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 payout ratio is currently 34.64%.

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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