NXP Semiconductors N.V. $NXPI Stock Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its NXP Semiconductors stake by 16.6% in the second quarter, adding 59,040 shares to own 415,129 shares valued at approximately $116.7 million. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported quarterly revenue of $3.50 billion and earnings of $3.61 per share, exceeding analyst expectations; revenue rose 19.5% year over year. Analysts give the stock a consensus “Moderate Buy” rating with a target price of $305.65.
• The company declared a quarterly dividend of $1.014 per share, equivalent to an annualized $4.06 payout and a 1.7% yield. Shares recently traded at $238.08, below the consensus analyst target.

Envestnet Asset Management Inc. increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 16.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415,129 shares of the semiconductor provider's stock after purchasing an additional 59,040 shares during the period. Envestnet Asset Management Inc. owned 0.16% of NXP Semiconductors worth $116,664,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Andra AP fonden raised its holdings in NXP Semiconductors by 7.1% during the second quarter. Andra AP fonden now owns 72,841 shares of the semiconductor provider's stock worth $20,471,000 after purchasing an additional 4,800 shares during the last quarter. State Street Corp lifted its position in NXP Semiconductors by 6.4% during the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock valued at $3,298,932,000 after buying an additional 702,099 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at $59,000. Integrated Wealth Concepts LLC lifted its position in NXP Semiconductors by 40.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,051 shares of the semiconductor provider's stock worth $3,387,000 after acquiring an additional 3,466 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in NXP Semiconductors by 37.5% in the second quarter. Parkside Financial Bank & Trust now owns 682 shares of the semiconductor provider's stock valued at $192,000 after purchasing an additional 186 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $238.08 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The business has a 50-day moving average price of $235.27 and a two-hundred day moving average price of $251.92. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $60.03 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.78 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. Equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NXPI shares. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. Oppenheimer lifted their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Wall Street Zen raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Finally, Susquehanna boosted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $305.65.

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

About NXP Semiconductors

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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