NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,397 shares of the semiconductor provider's stock after buying an additional 62,131 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.10% of NXP Semiconductors worth $50,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Parkside Financial Bank & Trust boosted its stake in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA boosted its stake in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after acquiring an additional 60 shares in the last quarter. Kestra Investment Management LLC boosted its stake in NXP Semiconductors by 7.2% during the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock worth $188,000 after acquiring an additional 61 shares in the last quarter. Finally, Keel Point LLC boosted its stake in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after acquiring an additional 64 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 2.6%

Shares of NXPI traded up $5.45 during midday trading on Monday, reaching $216.35. The stock had a trading volume of 276,630 shares, compared to its average volume of 2,719,512. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company's fifty day simple moving average is $192.58 and its two-hundred day simple moving average is $205.03. The company has a market cap of $54.66 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.01 and a beta of 1.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.24 earnings per share. Equities research analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Analyst Ratings Changes

A number of research firms have weighed in on NXPI. Barclays dropped their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Citigroup dropped their price objective 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. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Profile

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.