NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 89,614 shares of the semiconductor provider's stock after buying an additional 1,400 shares during the period. KLP Kapitalforvaltning AS's holdings in NXP Semiconductors were worth $17,109,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in NXP Semiconductors by 4.0% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 297,927 shares of the semiconductor provider's stock worth $61,211,000 after buying an additional 11,539 shares during the period. Hartford Funds Management Co LLC lifted its holdings in shares of NXP Semiconductors by 16.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 4,721 shares of the semiconductor provider's stock worth $897,000 after acquiring an additional 680 shares during the period. Wealth Alliance LLC lifted its holdings in shares of NXP Semiconductors by 8.2% during the 1st quarter. Wealth Alliance LLC now owns 2,090 shares of the semiconductor provider's stock worth $397,000 after acquiring an additional 159 shares during the period. Meridian Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 47.3% during the 1st quarter. Meridian Wealth Advisors LLC now owns 20,751 shares of the semiconductor provider's stock worth $3,944,000 after acquiring an additional 6,667 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of NXP Semiconductors by 0.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 181,670 shares of the semiconductor provider's stock worth $34,528,000 after acquiring an additional 763 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXPI has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Truist Financial increased their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday. Evercore ISI restated an "outperform" rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Barclays raised their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors Stock Down 0.5%

Shares of NXPI traded down $1.14 during midday trading on Friday, hitting $223.29. The company had a trading volume of 2,160,678 shares, compared to its average volume of 2,632,921. The company's 50 day moving average price is $215.14 and its 200 day moving average price is $206.52. The stock has a market cap of $56.41 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.55 and a beta of 1.40. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $264.54. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $3.20 EPS. The business's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.82%. NXP Semiconductors's payout ratio is 48.39%.

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.