NXP Semiconductors N.V. $NXPI Holdings Increased by Parnassus Investments LLC

Parnassus Investments LLC grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 43.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 231,599 shares of the semiconductor provider’s stock after acquiring an additional 70,522 shares during the period. Parnassus Investments LLC’s holdings in NXP Semiconductors were worth $50,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MGO One Seven LLC raised its holdings in shares of NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock worth $3,011,000 after purchasing an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of NXP Semiconductors by 16.4% in the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock worth $9,847,000 after purchasing an additional 6,379 shares in the last quarter. ING Groep NV raised its holdings in shares of NXP Semiconductors by 27.5% in the 3rd quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock worth $23,877,000 after purchasing an additional 22,631 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors by 21.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock worth $507,241,000 after purchasing an additional 398,250 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of NXP Semiconductors by 293.6% in the 3rd quarter. Cibc World Market Inc. now owns 38,543 shares of the semiconductor provider’s stock worth $8,777,000 after purchasing an additional 28,751 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors News Roundup

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: NXP announced a quarterly interim dividend of $1.014 per share, underscoring management’s confidence in the company’s capital strength and long-term cash flow generation. NXP Semiconductors Announces Quarterly Dividend
• Positive Sentiment: Shares also benefited from a broader semiconductor rebound as the Nasdaq recovered, with investors rotating back into chips after recent rate-pressure concerns eased. Himax, NXP Semiconductors, and Impinj Shares Skyrocket, What You Need To Know

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% 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. Insiders have sold a total of 12,611 shares of company stock valued at $3,061,078 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research reports. Barclays boosted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Bank of America reiterated a “neutral” rating and issued a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Mizuho boosted their target price on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial boosted their target price on shares of 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 given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $302.55 on Friday. The firm’s 50 day simple moving average is $268.49 and its 200-day simple moving average is $237.77. The company has a market cap of $76.38 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.03 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 N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. The business 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $2.64 earnings per share. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) 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.