Sanctuary Advisors LLC Acquires Shares of 17,789 NXP Semiconductors N.V. $NXPI

Key Points

• Sanctuary Advisors initiated a position of 17,789 NXP Semiconductors shares worth approximately $5.0 million in the second quarter. Institutional investors collectively own 90.54% of NXPI, with BlackRock, Vanguard, and State Street among the largest holders.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $305.43; recent targets range from $270 to $300.
• NXP reported quarterly adjusted earnings of $3.61 per share and revenue of $3.50 billion, beating estimates while revenue grew 19.5% year over year. The company also pays a quarterly dividend of $1.014 per share, equivalent to an annualized yield of about 1.8%.

Sanctuary Advisors LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,789 shares of the semiconductor provider's stock, valued at approximately $4,999,000.

A number of other institutional investors have also modified their holdings of NXPI. BlackRock Inc. bought a new position in shares of NXP Semiconductors during the 2nd quarter worth $6,716,412,000. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider's stock valued at $2,954,739,000 after buying an additional 293,558 shares during the last quarter. State Street Corp lifted its position in shares of NXP Semiconductors by 0.5% during the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock valued at $2,407,382,000 after buying an additional 55,098 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider's stock valued at $1,180,572,000 after buying an additional 30,804 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company'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 value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on NXPI. Raymond James Financial raised their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. UBS Group reiterated a "neutral" rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $305.43.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $222.44 on Tuesday. 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 50 day moving average price of $264.08 and a 200-day moving average price of $252.52. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market cap of $56.09 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.77 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 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $2.72 EPS. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's payout ratio is presently 34.56%.

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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