ING Groep NV Grows Stock Position in NXP Semiconductors N.V. $NXPI

ING Groep NV lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 49.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,231 shares of the semiconductor provider’s stock after purchasing an additional 51,381 shares during the quarter. ING Groep NV’s holdings in NXP Semiconductors were worth $33,912,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $26,000. Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Kelleher Financial Advisors purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Community Bank N.A. purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $37,000. Finally, Stance Capital LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 8.1%

Shares of NXPI stock opened at $295.96 on Friday. The business’s fifty day moving average price is $260.21 and its 200 day moving average price is $234.41. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $74.72 billion, a PE ratio of 28.32, a P/E/G ratio of 1.07 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. NXP Semiconductors’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NXPI shares. TD Cowen upped their price target on NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Truist Financial upped their price target on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price target on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Morgan Stanley upped their price target on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Oppenheimer upped their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.25.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% 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. Over the last ninety days, insiders have sold 12,611 shares of company stock worth $3,061,078. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Company 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.