Principal Financial Group Inc. Purchases 8,676 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Principal Financial Group increased its stake in NXP by 3.3%, buying 8,676 shares to hold 274,099 shares valued at roughly $59.5 million (about 0.11% of the company).
• NXP beat Q1 estimates, reporting $3.05 EPS versus $2.98 expected and $3.18 billion in revenue (up 12.2% year-over-year), and set Q2 EPS guidance of $3.29–$3.72.
• Analysts have raised price targets and issued mostly "Buy" ratings while the stock traded down ~4.4%; NXP has a $73.3 billion market cap and pays a $4.06 annual dividend (≈1.4% yield).

Principal Financial Group Inc. boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,099 shares of the semiconductor provider's stock after buying an additional 8,676 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of NXP Semiconductors worth $59,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter worth $26,000. CNB Bank bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $28,000. Wexford Capital LP acquired a new stake in NXP Semiconductors during the 3rd quarter worth $31,000. Kelleher Financial Advisors bought a new position in NXP Semiconductors during the third quarter worth about $31,000. Finally, Community Bank N.A. bought a new position in NXP Semiconductors during the third quarter worth about $37,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 4.4%

Shares of NXPI stock opened at $290.33 on Friday. The firm's fifty day moving average price is $216.35 and its two-hundred day moving average price is $219.90. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $303.91. The firm has a market capitalization of $73.30 billion, a P/E ratio of 27.78, a PEG ratio of 1.10 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.64 EPS. NXP Semiconductors has set its Q2 2026 guidance at 3.290-3.720 EPS. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.32 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio is presently 38.85%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares of the company's stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company's stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,865 shares of company stock worth $2,508,416. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NXPI shares. Truist Financial boosted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Loop Capital lifted their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. KeyCorp upped their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $235.00 to $265.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $291.75.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.