NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by Motco

Key Points

• Motco has increased its stake in NXP Semiconductors N.V. by 5.9% during Q1, now owning 29,311 shares worth approximately $5.57 million.
• NXP Semiconductors reported Q2 earnings of $2.72 EPS, surpassing estimates, with revenue of $2.93 billion, though down 6.4% year-over-year.
• The firm declared a quarterly dividend of $1.014 per share, resulting in an annualized yield of **1.82%** with a payout ratio of 48.39%.

Motco lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,311 shares of the semiconductor provider's stock after buying an additional 1,638 shares during the quarter. Motco's holdings in NXP Semiconductors were worth $5,571,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its stake in NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NXP Semiconductors by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock worth $1,545,958,000 after purchasing an additional 87,820 shares in the last quarter. Geode Capital Management LLC lifted its stake in NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after purchasing an additional 96,483 shares in the last quarter. Franklin Resources Inc. lifted its stake in NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of NXP Semiconductors by 10.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after buying an additional 432,838 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other news, CFO William Betz sold 6,785 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares of the company's stock, valued at approximately $345,556.80. This represents a 81.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 1.0%

NXPI stock traded down $2.23 during mid-day trading on Wednesday, reaching $224.51. The company had a trading volume of 644,924 shares, compared to its average volume of 3,029,583. The firm has a 50 day moving average of $215.83 and a 200 day moving average of $206.77. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $264.54. The company has a market capitalization of $56.60 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.58 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the prior year, the company earned $3.20 EPS. The company's revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors's payout ratio is presently 48.27%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NXPI shares. Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Susquehanna boosted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. KeyCorp boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, UBS Group boosted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

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.