SEB Asset Management AB Invests $11.45 Million in NXP Semiconductors N.V. $NXPI

SEB Asset Management AB purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 58,152 shares of the semiconductor provider’s stock, valued at approximately $11,448,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth about $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors in the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $28,000. Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $29,000. Finally, Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $31,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BNP Paribas Exane lifted their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Raymond James Financial raised their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America boosted their target price on NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Barclays upped their price target on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, KeyCorp lifted their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $306.59.

Insider Activity

In related news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Trading Up 0.2%

Shares of NXPI stock 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 52-week low of $183.00 and a 52-week high of $339.95. The company has a market capitalization of $67.45 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.79. The business’s fifty day moving average is $297.48 and its 200 day moving average is $251.02.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned $2.64 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.49 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 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.