Groupama Asset Managment Acquires 6,310 Shares of NXP Semiconductors N.V. $NXPI

Groupama Asset Managment increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 465.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,667 shares of the semiconductor provider’s stock after buying an additional 6,310 shares during the period. Groupama Asset Managment’s holdings in NXP Semiconductors were worth $1,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Brighton Jones LLC grew its stake in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after buying an additional 218 shares during the last quarter. LPL Financial LLC raised its stake in NXP Semiconductors by 5.8% during the first quarter. LPL Financial LLC now owns 231,113 shares of the semiconductor provider’s stock valued at $43,925,000 after buying an additional 12,719 shares during the last quarter. Federated Hermes Inc. boosted its holdings in NXP Semiconductors by 8.4% in the first quarter. Federated Hermes Inc. now owns 1,117 shares of the semiconductor provider’s stock worth $212,000 after acquiring an additional 87 shares in the last quarter. Vestcor Inc grew its stake in shares of NXP Semiconductors by 1.7% in the first quarter. Vestcor Inc now owns 4,973 shares of the semiconductor provider’s stock worth $945,000 after acquiring an additional 84 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of NXP Semiconductors during the first quarter valued at $405,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $194.35 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average price of $211.24 and a 200-day moving average price of $216.16. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The firm has a market capitalization of $48.91 billion, a PE ratio of 24.05, a P/E/G ratio of 2.53 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business posted $3.45 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 2.1%. NXP Semiconductors’s payout ratio is presently 50.12%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of analyst reports. Truist Financial upped their price target on shares of NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Evercore ISI boosted their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $252.47.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president directly owned 19,175 shares in the company, valued at $3,969,416.75. The trade was a 30.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.