NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its stake in NXP Semiconductors by 7.8%, owning 764,761 shares valued at approximately $145 million.
• NXP Semiconductors reported earnings of $2.72 per share for the last quarter, exceeding analyst expectations, although revenue decreased by 6.4% year-over-year.
• The company recently announced a quarterly dividend of $1.014 per share, representing an annual yield of 1.8%.

National Pension Service boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 764,761 shares of the semiconductor provider's stock after buying an additional 55,105 shares during the quarter. National Pension Service owned approximately 0.30% of NXP Semiconductors worth $145,350,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its position in shares of NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after acquiring an additional 698 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of NXP Semiconductors during the first quarter worth $320,000. Farther Finance Advisors LLC boosted its position in shares of NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after acquiring an additional 1,231 shares during the last quarter. M&T Bank Corp boosted its position in shares of NXP Semiconductors by 14.5% during the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after acquiring an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of NXP Semiconductors by 18.2% during the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after acquiring an additional 1,951 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. TD Cowen upped their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup upped their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Truist Financial increased their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $2.76 during mid-day trading on Friday, hitting $228.78. 3,336,423 shares of the company were exchanged, compared to its average volume of 3,054,074. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $220.17 and a 200-day simple moving average of $206.92. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The firm has a market cap of $57.68 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the sale, the president owned 4,958 shares of the company's stock, valued at approximately $1,088,628.06. This trade represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Betz sold 6,785 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,917 shares of company stock valued at $4,082,002. 0.12% of the stock is owned by company insiders.

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.