Prudential Financial Inc. Has $7.23 Million Stock Position in NXP Semiconductors N.V. $NXPI

Prudential Financial Inc. raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 22.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,102 shares of the semiconductor provider’s stock after buying an additional 6,032 shares during the period. Prudential Financial Inc.’s holdings in NXP Semiconductors were worth $7,232,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NXPI. Coldstream Capital Management Inc. increased its position in NXP Semiconductors by 10.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,111 shares of the semiconductor provider’s stock valued at $1,117,000 after buying an additional 471 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in NXP Semiconductors by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,451,662 shares of the semiconductor provider’s stock valued at $317,174,000 after buying an additional 12,883 shares during the period. American Century Companies Inc. increased its stake in shares of NXP Semiconductors by 1,266.9% during the 2nd quarter. American Century Companies Inc. now owns 319,720 shares of the semiconductor provider’s stock worth $69,856,000 after purchasing an additional 296,330 shares during the last quarter. Nemes Rush Group LLC increased its position in NXP Semiconductors by 31.1% in the second quarter. Nemes Rush Group LLC now owns 45,074 shares of the semiconductor provider’s stock worth $9,848,000 after buying an additional 10,705 shares during the last quarter. Finally, Camden National Bank bought a new position in NXP Semiconductors during the second quarter worth about $253,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president owned 19,175 shares of the company’s stock, valued at $3,969,416.75. This represents a 30.39% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. Truist Financial lifted their price objective on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Finally, TD Cowen cut their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.47.

NXP Semiconductors Stock Up 0.3%

Shares of NXPI stock opened at $194.35 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45. The stock has a market cap of $48.91 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.53 and a beta of 1.47. The company has a 50 day simple moving average of $211.24 and a two-hundred day simple moving average of $216.19.

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

NXP Semiconductors Announces Dividend

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

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.