Mufg Securities Americas Inc. Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• MUFG Securities Americas acquired 7,605 shares of NXP Semiconductors in the second quarter, valued at approximately $2.14 million. Institutional investors and hedge funds now own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share, exceeding estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.43.
• The company pays a quarterly dividend of $1.014, equivalent to an annualized $4.06 and a 1.8% yield. Shares opened at $223.58, well below their 52-week high of $339.95.

Mufg Securities Americas Inc. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,605 shares of the semiconductor provider's stock, valued at approximately $2,137,000.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $1,167,458,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $631,000. Nissay Asset Management Corp Japan acquired a new stake in NXP Semiconductors during the 2nd quarter worth $45,838,000. Wellington Management Group LLP acquired a new stake in NXP Semiconductors during the 2nd quarter worth $21,099,000. Finally, Kingsview Wealth Management LLC bought a new position in NXP Semiconductors during the second quarter worth about $511,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a 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 company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on NXPI. Morgan Stanley boosted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, August 17th. Finally, UBS Group reissued a "neutral" rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average target price of $305.43.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $223.58 on Friday. The stock has a 50 day moving average price of $257.48 and a 200 day moving average price of $252.32. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market capitalization of $56.38 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $2.72 earnings per share. Analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

NXP Semiconductors 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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