9,197 Shares in NXP Semiconductors N.V. $NXPI Purchased by Harber Asset Management LLC

Harber Asset Management LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,197 shares of the semiconductor provider’s stock, valued at approximately $2,585,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Acumen Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the second quarter worth approximately $29,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Truist Financial upped their price objective on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Finally, Stifel Nicolaus set a $282.00 price target 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

Get Our Latest Analysis on NXP Semiconductors

Insider Activity

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing 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 business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Up 1.2%

NASDAQ:NXPI opened at $225.56 on Friday. 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 quick ratio of 1.36 and a current ratio of 2.04. The stock has a fifty day moving average price of $265.95 and a two-hundred day moving average price of $252.35. The stock has a market capitalization of $56.88 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the firm earned $2.72 EPS. The business’s revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend 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 currently 34.56%.

About NXP Semiconductors

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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