Munich Reinsurance Co Stock Corp in Munich Makes New $859,000 Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Munich Reinsurance Co. Stock Corp acquired 273,539 shares of NXP Semiconductors worth approximately $859,000, joining other institutional investors that collectively own 90.54% of the company.
• NXP reported stronger-than-expected quarterly results, with earnings of $3.61 per share and revenue of $3.50 billion, up 19.5% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $305.43, while NXP announced a quarterly dividend of $1.014 per share.

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 273,539 shares of the semiconductor provider's stock, valued at approximately $859,000. Munich Reinsurance Co Stock Corp in Munich owned 0.11% of NXP Semiconductors at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after buying an additional 218 shares during the period. NewEdge Advisors LLC boosted its stake in shares of NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock worth $1,334,000 after acquiring an additional 234 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after acquiring an additional 187 shares during the last quarter. Marshall Wace LLP raised its stake in NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock valued at $8,010,000 after acquiring an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in NXP Semiconductors in the 2nd quarter valued at $555,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $227.84 on Friday. The business has a fifty day simple moving average of $250.20 and a 200 day simple moving average of $251.80. The company has a market cap of $57.45 billion, a P/E ratio of 19.44, a P/E/G ratio of 0.77 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 N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio is presently 34.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NXPI shares. Mizuho decreased their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Oppenheimer increased their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, August 17th. Sixteen 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, the company has a consensus rating of "Moderate Buy" and an average target price of $305.43.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the 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 completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% 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. 0.05% of the stock is owned by corporate insiders.

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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