Trillium Asset Management LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 111,448 shares of the semiconductor provider’s stock, valued at approximately $31,321,000. NXP Semiconductors comprises about 1.0% of Trillium Asset Management LLC’s investment portfolio, making the stock its 25th largest holding.
Other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new stake in shares of NXP Semiconductors during the second quarter worth $1,655,000. E Fund Management Co. Ltd. bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at $4,404,000. Madison Asset Management LLC bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at $2,179,000. Csenge Advisory Group acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $385,000. Finally, Johnson Financial Group Inc. bought a new stake in NXP Semiconductors during the 2nd quarter worth $184,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
Insider Buying and Selling
In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.
NXP Semiconductors Trading Down 1.3%
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.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 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is 34.64%.
Analyst Ratings Changes
Several equities analysts have commented on the company. Evercore increased 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. UBS Group restated a “neutral” rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Loop Capital lifted their target price 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 reissued a “market perform” rating and set a $290.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.
View Our Latest Report on NXPI
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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