Swiss National Bank Buys 47,800 Shares of NXP Semiconductors N.V. $NXPI

Swiss National Bank lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 738,629 shares of the semiconductor provider’s stock after buying an additional 47,800 shares during the quarter. Swiss National Bank’s holdings in NXP Semiconductors were worth $145,407,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. California Public Employees Retirement System boosted its holdings in shares of NXP Semiconductors by 41.9% during the first quarter. California Public Employees Retirement System now owns 1,592,213 shares of the semiconductor provider’s stock worth $313,443,000 after acquiring an additional 470,254 shares during the period. Kera Capital Partners Inc. grew its position in shares of NXP Semiconductors by 11.6% in the first quarter. Kera Capital Partners Inc. now owns 1,142 shares of the semiconductor provider’s stock valued at $225,000 after purchasing an additional 119 shares during the last quarter. Advisortrust Partners LLC increased its stake in shares of NXP Semiconductors by 10.8% during the first quarter. Advisortrust Partners LLC now owns 13,502 shares of the semiconductor provider’s stock worth $2,658,000 after purchasing an additional 1,319 shares during the period. Assetmark Inc. increased its stake in shares of NXP Semiconductors by 98.3% during the first quarter. Assetmark Inc. now owns 80,381 shares of the semiconductor provider’s stock worth $15,824,000 after purchasing an additional 39,847 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in NXP Semiconductors during the 1st quarter worth approximately $436,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction dated 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 sale, the executive vice president directly 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were 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 represents a 45.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,611 shares of company stock worth $3,182,068. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $266.53 on Monday. The company has a market capitalization of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The business’s 50 day simple moving average is $298.25 and its 200 day simple moving average is $250.69.

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, beating the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 EPS. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.49 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NXPI. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wolfe Research increased their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Raymond James Financial upped their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.27.

About NXP Semiconductors

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.