United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 45,928 NXP Semiconductors N.V. $NXPI

Key Points

• United Super Pty Ltd disclosed a new fourth-quarter stake in NXP Semiconductors, buying 45,928 shares valued at about $9.97 million.
• Institutional ownership remains high, with several large funds increasing their positions and about 90.54% of NXPI shares held by institutions overall.
• NXP reported strong quarterly results, beating earnings and revenue estimates, while analysts broadly remain positive with an average rating of Moderate Buy and an average price target of $294.25.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 45,928 shares of the semiconductor provider's stock, valued at approximately $9,969,000.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider's stock valued at $2,865,690,000 after acquiring an additional 1,333,920 shares during the period. Rafferty Asset Management LLC lifted its position in shares of NXP Semiconductors by 56.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider's stock valued at $418,828,000 after acquiring an additional 690,277 shares during the period. Woodline Partners LP lifted its position in shares of NXP Semiconductors by 6,342.2% during the 3rd quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider's stock valued at $153,354,000 after acquiring an additional 662,950 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NXP Semiconductors by 21.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider's stock valued at $507,241,000 after acquiring an additional 398,250 shares during the period. Finally, Boston Partners lifted its position in shares of NXP Semiconductors by 16.9% during the 3rd quarter. Boston Partners now owns 2,439,589 shares of the semiconductor provider's stock valued at $555,311,000 after acquiring an additional 352,820 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Cowen upped their target price on NXP Semiconductors from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Evercore upped their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Oppenheimer upped their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Mizuho upped their price objective on NXP Semiconductors from $188.00 to $200.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group upped their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $294.25.

NXP Semiconductors Price Performance

Shares of NXPI opened at $330.28 on Friday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business has a 50-day simple moving average of $245.56 and a two-hundred day simple moving average of $229.83. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The stock has a market cap of $83.39 billion, a PE ratio of 31.61, a PEG ratio of 1.19 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio is presently 38.85%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the company's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares of the company's stock, valued at $474,700. This represents a 72.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company's stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,865 shares of company stock valued at $2,508,416 in the last 90 days. Corporate insiders own 0.12% of the company's stock.

About NXP Semiconductors

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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