KBC Group NV Purchases 5,578 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

KBC Group NV raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,410 shares of the semiconductor provider's stock after acquiring an additional 5,578 shares during the period. KBC Group NV's holdings in NXP Semiconductors were worth $11,291,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NXPI. Sowell Financial Services LLC bought a new position in shares of NXP Semiconductors during the 1st quarter valued at $320,000. Dynamic Advisor Solutions LLC boosted its position in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after buying an additional 698 shares during the period. Farther Finance Advisors LLC grew its stake in shares of NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after buying an additional 1,231 shares during the last quarter. BDF Gestion purchased a new position in shares of NXP Semiconductors in the first quarter worth about $1,152,000. Finally, Spire Wealth Management increased its holdings in shares of NXP Semiconductors by 34.4% in the first quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock worth $241,000 after buying an additional 324 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Up 0.7%

NXPI traded up $1.59 during trading on Friday, reaching $232.74. The stock had a trading volume of 1,299,390 shares, compared to its average volume of 2,753,622. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.88 and a beta of 1.40. The stock's 50 day moving average is $204.87 and its two-hundred day moving average is $204.84. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business earned $3.24 EPS. NXP Semiconductors's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.74%. NXP Semiconductors's dividend payout ratio is 44.23%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NXPI shares. Needham & Company LLC reduced their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup decreased their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $246.22.

About NXP Semiconductors

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.