Assenagon Asset Management S.A. Buys 70,697 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Assenagon Asset Management S.A. increased its stake in NXP Semiconductors by 163.7% in Q2, acquiring an additional 70,697 shares worth approximately $24.9 million.
• Insider sales included President Rafael Sotomayor, who sold 2,000 shares, and EVP Jennifer Wuamett, who sold 9,132 shares, representing decreases of 28.74% and 25.21% in their holdings, respectively.
• NXP Semiconductors reported an earnings per share (EPS) of $2.72 for the last quarter, beating analysts' expectations, although revenues declined 6.4% year-over-year.

Assenagon Asset Management S.A. lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 163.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,896 shares of the semiconductor provider's stock after acquiring an additional 70,697 shares during the quarter. Assenagon Asset Management S.A.'s holdings in NXP Semiconductors were worth $24,885,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the last quarter. Vise Technologies Inc. grew its holdings in shares of NXP Semiconductors by 70.8% in the 4th quarter. Vise Technologies Inc. now owns 2,492 shares of the semiconductor provider's stock worth $518,000 after acquiring an additional 1,033 shares during the last quarter. Forum Financial Management LP grew its position in NXP Semiconductors by 92.1% during the 4th quarter. Forum Financial Management LP now owns 2,451 shares of the semiconductor provider's stock worth $509,000 after purchasing an additional 1,175 shares in the last quarter. Mackenzie Financial Corp grew its position in NXP Semiconductors by 8.5% during the 4th quarter. Mackenzie Financial Corp now owns 163,989 shares of the semiconductor provider's stock worth $34,085,000 after purchasing an additional 12,845 shares in the last quarter. Finally, Challenger Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $428,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares of the company's stock, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 in the company, valued at $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,917 shares of company stock valued at $4,298,212 over the last three months. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Susquehanna lifted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $1.68 on Monday, reaching $225.73. The company's stock had a trading volume of 1,715,230 shares, compared to its average volume of 2,197,956. The firm has a market cap of $56.91 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The business has a 50-day moving average price of $224.13 and a 200 day moving average price of $208.28. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $256.62. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

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 for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.20 earnings per share. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. Sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 17th. NXP Semiconductors's dividend payout ratio is 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.