Raiffeisen Bank International AG Purchases New Position in NXP Semiconductors N.V. $NXPI

Key Points

• Raiffeisen Bank International initiated a position in NXP Semiconductors during the second quarter, buying 29,716 shares valued at approximately $93,000. Institutional and hedge-fund investors collectively own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share on $3.50 billion in revenue, surpassing analyst estimates and representing 19.5% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $305.43, while NXP declared a quarterly dividend of $1.014 per share, equivalent to a 1.8% yield.

Raiffeisen Bank International AG purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,716 shares of the semiconductor provider's stock, valued at approximately $93,000.

Several other hedge funds have also recently made changes to their positions in NXPI. Concurrent Investment Advisors LLC purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $55,000. NEOS Investment Management LLC bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $612,000. Midwest Professional Planners LTD. bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $29,000. Kintegral Advisory LLC purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $35,000. Finally, Ancora Advisors LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $37,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on NXPI. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Wall Street Zen raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $305.43.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $227.84 on Monday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The company has a market cap of $57.45 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The stock's fifty day moving average price is $250.20 and its 200 day moving average price is $251.85.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

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.

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