Boston Partners Grows Stake in NXP Semiconductors N.V. $NXPI

Key Points

• Boston Partners has increased its stake in NXP Semiconductors by 46.1%, owning 1,202,366 shares worth approximately $227.6 million as of the latest reporting period.
• Multiple brokerages have raised their price targets for NXP Semiconductors, with Citigroup setting a new target of $275 and maintaining a "buy" rating for the stock.
• Insider selling was reported, including CFO William Betz selling 6,785 shares, leading to a significant decrease in his ownership percentage by 81.7%.

Boston Partners increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 46.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,202,366 shares of the semiconductor provider's stock after acquiring an additional 379,629 shares during the quarter. Boston Partners owned 0.48% of NXP Semiconductors worth $227,625,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hemington Wealth Management raised its holdings in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after buying an additional 59 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth about $44,000. Rossby Financial LCC bought a new position in NXP Semiconductors in the 1st quarter valued at about $46,000. Finally, GoalVest Advisory LLC boosted its stake 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 purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NXPI shares. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research note on Monday, April 21st. Evercore ISI reissued an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Needham & Company LLC increased their target price 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. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the transaction, the president owned 4,958 shares of the company's stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,917 shares of company stock valued at $4,082,002 over the last three months. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

NXPI traded up $3.23 during trading hours on Monday, hitting $232.01. The stock had a trading volume of 2,469,789 shares, compared to its average volume of 3,025,045. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $259.74. The company's fifty day simple moving average is $220.17 and its 200 day simple moving average is $206.89. The stock has a market cap of $58.49 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. 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 (NASDAQ:NXPI - Get Free Report) last posted its 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. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $3.20 earnings per share. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.27%.

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.