MUFG Securities EMEA plc Increases Stake in NXP Semiconductors N.V. $NXPI

MUFG Securities EMEA plc lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 113.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,318 shares of the semiconductor provider’s stock after buying an additional 5,492 shares during the quarter. MUFG Securities EMEA plc’s holdings in NXP Semiconductors were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at about $26,000. Wexford Capital LP bought a new stake in NXP Semiconductors during the third quarter worth about $31,000. Kelleher Financial Advisors bought a new stake in NXP Semiconductors during the third quarter worth about $31,000. Community Bank N.A. bought a new stake in NXP Semiconductors during the third quarter worth about $37,000. Finally, Cornerstone Planning Group LLC boosted its stake in NXP Semiconductors by 1,092.9% during the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,865 shares of company stock worth $2,508,416 over the last quarter. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NXPI shares. KeyCorp boosted their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen boosted their price objective on shares of NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Raymond James Financial boosted their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wolfe Research boosted their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Stock Down 3.1%

Shares of NXP Semiconductors stock opened at $311.38 on Tuesday. The company has a market cap of $78.61 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The company’s 50 day moving average is $250.51 and its 200 day moving average is $231.41. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.64 earnings per share. Research analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio is 38.85%.

NXP Semiconductors 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.