Raiffeisen Bank International AG Grows Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Raiffeisen Bank International AG increased its stake in NXP Semiconductors N.V. by 24.2%, owning a total of 34,634 shares worth approximately $6.58 million.
• NXP Semiconductors reported a quarterly earnings per share of $2.72, exceeding analysts' expectations, despite a 6.4% decline in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $1.014 per share, reflecting an annualized yield of 1.9%.

Raiffeisen Bank International AG grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 24.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,634 shares of the semiconductor provider's stock after purchasing an additional 6,746 shares during the period. Raiffeisen Bank International AG's holdings in NXP Semiconductors were worth $6,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after buying an additional 126 shares during the period. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $44,000. Rossby Financial LCC purchased a new position in NXP Semiconductors in the first quarter valued at about $46,000. GoalVest Advisory LLC grew its stake in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of NXP Semiconductors by 112.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Down 1.2%

NXPI stock traded down $2.55 during mid-day trading on Wednesday, reaching $205.92. The company had a trading volume of 2,760,722 shares, compared to its average volume of 2,740,727. 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 capitalization of $51.92 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.41. The firm has a fifty day simple moving average of $217.43 and a 200 day simple moving average of $206.82. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $259.74.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of the firm'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 sale, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. KeyCorp lifted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a report on Thursday, July 10th. They issued a "buy" rating and a $276.00 price target for the company. Finally, Needham & Company LLC upped their target price on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

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.