Northwestern Mutual Wealth Management Co. Invests $5.76 Million in NXP Semiconductors N.V. $NXPI

Northwestern Mutual Wealth Management Co. bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,490 shares of the semiconductor provider’s stock, valued at approximately $5,758,000.

A number of other institutional investors also recently bought and sold shares of the stock. MCF Advisors LLC boosted its position in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 43 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. IHT Wealth Management LLC grew its stake in NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its stake in NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, TD Cowen decreased their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Get Our Latest Research Report on NXPI

Insider Buying and Selling

In other news, 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 transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.5%

Shares of NASDAQ:NXPI opened at $224.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a market cap of $56.73 billion, a P/E ratio of 19.20, a PEG ratio of 0.78 and a beta of 1.81. The stock’s fifty day moving average price is $251.18 and its 200-day moving average price is $251.97.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s payout ratio is 34.64%.

NXP Semiconductors Company Profile

(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.

Further Reading

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

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