Glenview Trust Co Makes New $27.96 Million Investment in NXP Semiconductors N.V. $NXPI

Glenview Trust Co acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 99,492 shares of the semiconductor provider’s stock, valued at approximately $27,960,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in NXP Semiconductors in the second quarter worth approximately $6,716,412,000. State Street Corp lifted its position in shares of NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after acquiring an additional 55,098 shares during the last quarter. Invesco Ltd. lifted its position in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after acquiring an additional 30,804 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider’s stock worth $923,225,000 after acquiring an additional 421,011 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.2%

Shares of NXP Semiconductors stock opened at $225.86 on Friday. The firm has a market cap of $56.95 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 0.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock has a 50-day simple moving average of $259.27 and a 200-day simple moving average of $252.52.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 EPS. On average, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share 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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.56%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Wall Street Zen cut NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% 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 own 0.05% of the company’s stock.

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.