Man Group plc Takes Position in NXP Semiconductors N.V. $NXPI

Key Points

• Man Group plc acquired 727,581 shares of NXP Semiconductors in the second quarter, valued at approximately $204.5 million and representing a 0.29% stake. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst estimates, while revenue increased 19.5% year over year. The company also pays an annualized dividend of $4.06 per share, yielding about 1.8%.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $305.43, despite mixed target revisions. NXP shares opened at $224.75, well below the 52-week high of $339.95.

Man Group plc acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 727,581 shares of the semiconductor provider's stock, valued at approximately $204,472,000. Man Group plc owned 0.29% of NXP Semiconductors at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock valued at $46,000 after acquiring an additional 43 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider's stock worth $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after purchasing an additional 45 shares during the period. IHT Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider's stock valued at $261,000 after purchasing an additional 52 shares during the period. Finally, Equitable Holdings Inc. raised its stake in shares of NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider's stock valued at $828,000 after purchasing an additional 54 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 1.0%

Shares of NXP Semiconductors stock opened at $224.75 on Wednesday. The business has a fifty day simple moving average of $262.52 and a 200-day simple moving average of $252.50. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a market cap of $56.67 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $2.72 earnings per share. NXP Semiconductors's revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced 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 yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the firm's stock in a transaction 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 directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This 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. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NXPI shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. BNP Paribas Exane boosted their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. TD Cowen reduced their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut shares of NXP Semiconductors from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $305.43.

NXP Semiconductors Company 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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