1,844,658 Shares in NXP Semiconductors N.V. $NXPI Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,844,658 shares of the semiconductor provider’s stock, valued at approximately $518,404,000.

Several other hedge funds have also modified their holdings of NXPI. JPL Wealth Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth about $28,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors in the second quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI opened at $222.44 on Tuesday. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The business’s 50-day moving average is $264.08 and its 200-day moving average is $252.52.

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

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders 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 yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 34.56%.

Insiders Place Their Bets

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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 stock in a transaction 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 owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. 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. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NXPI shares. 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. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to 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

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.

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

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