The Manufacturers Life Insurance Company Makes New $36.66 Million Investment in NXP Semiconductors N.V. $NXPI

The Manufacturers Life Insurance Company 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 and Exchange Commission (SEC). The institutional investor acquired 130,437 shares of the semiconductor provider’s stock, valued at approximately $36,657,000. The Manufacturers Life Insurance Company owned 0.05% of NXP Semiconductors at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $3,850,000. Fiduciary Financial Advisors bought a new stake in NXP Semiconductors in the second quarter worth $28,000. Manning & Napier Advisors LLC bought a new stake in NXP Semiconductors in the second quarter worth $3,947,000. L2 Asset Management LLC purchased a new position in NXP Semiconductors during the second quarter worth $428,000. Finally, Cetera Trust Company N.A purchased a new position in NXP Semiconductors during the second quarter worth $578,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $223.15 on Thursday. The company has a market capitalization of $56.27 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.76 and a beta of 1.81. The company’s 50-day simple moving average is $261.02 and its two-hundred day simple moving average is $252.51. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during 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%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is 34.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NXPI shares. UBS Group reiterated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Mizuho dropped their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target 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. Finally, Raymond James Financial increased their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $305.43.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

About NXP Semiconductors

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.