Nuveen LLC Invests $219.88 Million in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Nuveen LLC invested approximately $219.88 million in NXP Semiconductors by acquiring over 1.1 million shares, increasing its ownership to about 0.46% of the company.
• Several institutional investors have shown increased interest in NXP Semiconductors, with Hemington Wealth Management raising its holdings by 50% and GoalVest Advisory LLC increasing their stakes by 472.9%.
• Analysts have set a new average price target of $256.05 for NXP Semiconductors, with a majority rating it as a "Moderate Buy" based on recent performance and expectations.

Nuveen LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,156,887 shares of the semiconductor provider's stock, valued at approximately $219,878,000. Nuveen LLC owned about 0.46% of NXP Semiconductors at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NXPI. Hemington Wealth Management lifted its holdings in NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 59 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after buying an additional 126 shares in the last quarter. Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the 4th quarter valued at about $44,000. Rossby Financial LCC bought a new stake in NXP Semiconductors during the 1st quarter valued at about $46,000. Finally, GoalVest Advisory LLC lifted its holdings in NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after buying an additional 227 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NXPI. Truist Financial lifted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday, July 7th. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Susquehanna upped their price target on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $256.05.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the business'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 transaction of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares of the company's stock, valued at approximately $345,556.80. The trade was a 81.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 in the company, valued at approximately $6,230,240. This represents 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 insiders.

NXP Semiconductors Stock Down 1.0%

Shares of NXP Semiconductors stock opened at $205.16 on Tuesday. The firm's 50 day moving average price is $218.43 and its 200-day moving average price is $206.48. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $259.74. The company has a market cap of $51.72 billion, a P/E ratio of 24.45, a PEG ratio of 2.35 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $3.20 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 48.39%.

NXP Semiconductors Company 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.

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