Munich Reinsurance Co Stock Corp in Munich Buys 6,148 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Munich Reinsurance Co Stock Corp in Munich raised its stake in NXP by 2.1%, buying 6,148 shares to hold 299,436 shares (about 0.12% of NXPI) valued at roughly $65.87M, making NXP its 21st-largest holding (~1.6% of its portfolio).
• NXP beat estimates for the quarter with EPS of $3.35 vs. $3.31 expected and revenue of $3.34B (up 7.2% YoY); the stock trades near $244 with a market cap of about $61.6B and a P/E of 30.7.
• Institutional ownership is high at 90.54%, and several large funds (Wellington, SG Americas, Rafferty, Woodline, Dimensional) substantially increased their positions, signaling strong institutional accumulation.

Munich Reinsurance Co Stock Corp in Munich raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 299,436 shares of the semiconductor provider's stock after acquiring an additional 6,148 shares during the period. NXP Semiconductors makes up approximately 1.6% of Munich Reinsurance Co Stock Corp in Munich's holdings, making the stock its 21st biggest position. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.12% of NXP Semiconductors worth $65,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. Wellington Management Group LLP lifted its stake in NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider's stock valued at $2,865,690,000 after acquiring an additional 1,333,920 shares during the period. SG Americas Securities LLC lifted its stake in NXP Semiconductors by 307.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider's stock valued at $268,523,000 after acquiring an additional 889,883 shares during the period. Rafferty Asset Management LLC lifted its stake in NXP Semiconductors by 56.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider's stock valued at $418,828,000 after acquiring an additional 690,277 shares during the period. Woodline Partners LP increased its position in shares of NXP Semiconductors by 6,342.2% during the 3rd quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider's stock valued at $153,354,000 after purchasing an additional 662,950 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NXP Semiconductors by 21.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider's stock valued at $507,241,000 after purchasing an additional 398,250 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Up 1.2%

Shares of NXPI opened at $244.04 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. NXP Semiconductors N.V. has a 1 year low of $176.26 and a 1 year high of $256.36. The company has a 50 day simple moving average of $210.76 and a two-hundred day simple moving average of $216.97. The firm has a market cap of $61.63 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period last year, the firm posted $3.18 EPS. The company's revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that NXP Semiconductors N.V. will post 12.51 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio (DPR) is 51.01%.

Analyst Ratings Changes

Several equities research analysts have recently commented on NXPI shares. Evercore reduced their price target on shares of NXP Semiconductors from $292.00 to $260.00 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. Bank of America reaffirmed a "neutral" rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. KeyCorp upped their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NXP Semiconductors in a research report on Tuesday. Finally, TD Cowen reduced their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $248.53.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares of the company's stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

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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