Invesco Ltd. Raises Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Invesco Ltd. increased its stake in NXP Semiconductors by 8.2%, owning approximately 4.69 million shares valued at nearly $892 million.
• NXP Semiconductors reported quarterly earnings of $2.72 per share, exceeding expectations, despite a 6.4% year-over-year revenue decline.
• The company announced a quarterly dividend of $1.014, reflecting a yield of 2.0% and a payout ratio of 48.39%.

Invesco Ltd. raised its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 8.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,693,126 shares of the semiconductor provider's stock after buying an additional 353,782 shares during the quarter. Invesco Ltd. owned about 1.86% of NXP Semiconductors worth $891,975,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NXPI. AlphaCore Capital LLC lifted its position in NXP Semiconductors by 3.5% during the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock worth $312,000 after buying an additional 55 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of NXP Semiconductors by 14.7% in the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock worth $85,000 after acquiring an additional 57 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after acquiring an additional 58 shares during the period. Hemington Wealth Management boosted its position in shares of 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 acquiring an additional 59 shares during the last quarter. Finally, Keel Point LLC grew its holdings in shares of NXP Semiconductors by 4.7% in the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors 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 of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William Betz sold 6,785 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 price objective for the company. TD Cowen upped their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Up 4.9%

NXPI stock traded up $10.67 during midday trading on Wednesday, reaching $230.72. 2,791,551 shares of the company were exchanged, compared to its average volume of 3,019,473. The stock's 50-day simple moving average is $218.85 and its 200 day simple moving average is $206.58. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 2.33 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. NXP Semiconductors's revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

NXP Semiconductors 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.