Dimensional Fund Advisors LP Grows Position in NXP Semiconductors N.V. $NXPI

Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,358,020 shares of the semiconductor provider’s stock after purchasing an additional 62,112 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NXP Semiconductors were worth $464,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NXPI. Waycross Partners LLC grew its stake in NXP Semiconductors by 3.2% in the 1st quarter. Waycross Partners LLC now owns 120,327 shares of the semiconductor provider’s stock worth $23,688,000 after acquiring an additional 3,724 shares in the last quarter. Sound Shore Management Inc. CT purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at $80,841,000. KBC Group NV grew its stake in NXP Semiconductors by 52.1% in the first quarter. KBC Group NV now owns 108,710 shares of the semiconductor provider’s stock valued at $21,401,000 after purchasing an additional 37,243 shares during the last quarter. SEB Asset Management AB purchased a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $11,448,000. Finally, Swiss National Bank grew its holdings in NXP Semiconductors by 6.9% in the first quarter. Swiss National Bank now owns 738,629 shares of the semiconductor provider’s stock worth $145,407,000 after purchasing an additional 47,800 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors 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 sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 over the last 90 days. 0.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NXPI. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Barclays boosted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $306.59.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $267.18 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock’s fifty day moving average is $297.48 and its two-hundred day moving average is $251.02. The firm has a market capitalization of $67.45 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping 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 net margin of 21.03% and a return on equity of 26.75%. NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $2.64 earnings per share. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.49 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. 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 is currently 38.85%.

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.