Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 695,757 shares of the semiconductor provider’s stock, valued at approximately $195,529,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.28% of NXP Semiconductors at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after buying an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after buying an additional 187 shares during the period. Marshall Wace LLP grew its position in shares of NXP Semiconductors by 887.0% during the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after buying an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $555,000. Institutional investors own 90.54% of the company’s stock.
Insider Buying and Selling
In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 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 position. 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. Insiders own 0.05% of the company’s stock.
NXP Semiconductors Price Performance
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly 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. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business posted $2.72 EPS. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid 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 1.7%. NXP Semiconductors’s payout ratio is 34.64%.
Analyst Ratings Changes
A number of research analysts recently issued reports on NXPI shares. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. BNP Paribas Exane lifted their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Evercore lifted their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Loop Capital increased their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.
Check Out Our Latest Analysis on NXPI
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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