Tredje AP fonden Buys 12,286 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Tredje AP fonden increased its holdings in NXP Semiconductors N.V. by 5.3% in the first quarter, acquiring an additional 12,286 shares for a total of $46,775,000 in value.
• Several institutional investors have also increased their positions in NXP, with Brighton Jones LLC and CIBC Private Wealth Group LLC increasing their holdings by 20.6% and 25.6% respectively during the fourth quarter.
• NXP Semiconductors reported earnings of $2.72 per share for the last quarter, surpassing analysts' expectations, with a total revenue of $2.93 billion, though down 6.4% compared to the previous year.

Tredje AP fonden boosted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,106 shares of the semiconductor provider's stock after acquiring an additional 12,286 shares during the period. Tredje AP fonden owned approximately 0.10% of NXP Semiconductors worth $46,775,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vestcor Inc boosted its stake in NXP Semiconductors by 1.7% in the first quarter. Vestcor Inc now owns 4,973 shares of the semiconductor provider's stock worth $945,000 after purchasing an additional 84 shares in the last quarter. XTX Topco Ltd acquired a new position in NXP Semiconductors during the 1st quarter worth about $5,475,000. Harvest Fund Management Co. Ltd grew its holdings in NXP Semiconductors by 7.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 16,021 shares of the semiconductor provider's stock worth $3,046,000 after acquiring an additional 1,063 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of NXP Semiconductors in the first quarter worth about $3,577,000. Finally, Federated Hermes Inc. lifted its stake in shares of NXP Semiconductors by 8.4% during the first quarter. Federated Hermes Inc. now owns 1,117 shares of the semiconductor provider's stock valued at $212,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors 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 value of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Down 1.8%

NASDAQ NXPI traded down $3.85 on Friday, reaching $209.92. The company had a trading volume of 2,554,398 shares, compared to its average volume of 2,588,644. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.43 and a beta of 1.42. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $259.74. The business has a 50 day moving average of $216.49 and a two-hundred day moving average of $206.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion during 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%. During the same period last year, the company posted $3.20 EPS. The business's quarterly revenue was down 6.4% on a year-over-year basis. Analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 48.39%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group raised their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Cowen boosted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Citigroup upped their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday, July 7th. Evercore ISI reiterated an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Four 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors 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.