3,214 Shares in NXP Semiconductors N.V. $NXPI Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,214 shares of the semiconductor provider’s stock, valued at approximately $706,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after acquiring an additional 293,558 shares during the period. State Street Corp lifted its holdings in NXP Semiconductors by 0.5% in the fourth 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 period. Invesco Ltd. boosted its position in NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. Geode Capital Management LLC boosted its position in NXP Semiconductors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after purchasing an additional 30,804 shares in the last quarter. Finally, Van ECK Associates Corp grew 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 purchasing an additional 421,011 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% 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. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Truist Financial lifted their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Evercore increased their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Finally, Wolfe Research upped their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Trading Up 1.2%

Shares of NXPI stock opened at $234.71 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market cap of $59.18 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 0.80 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. The stock has a 50 day simple moving average of $273.07 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 EPS. On average, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

NXP Semiconductors 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.