Danske Bank A S Makes New $34.33 Million Investment in NXP Semiconductors N.V. $NXPI

Danske Bank A S purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 122,147 shares of the semiconductor provider’s stock, valued at approximately $34,327,000.

A number of other hedge funds have also recently modified their holdings of NXPI. MGO One Seven LLC lifted its position in NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after purchasing an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas increased its position in NXP Semiconductors by 16.4% in the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock worth $9,847,000 after buying an additional 6,379 shares in the last quarter. Deutsche Bank AG raised its stake in shares of NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after buying an additional 93,316 shares during the period. Barclays PLC raised its stake in shares of NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after buying an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of NXP Semiconductors by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock valued at $59,496,000 after buying an additional 8,676 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXPI. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Susquehanna upped their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley raised their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was 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 directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.1%

Shares of NASDAQ NXPI opened at $226.02 on Thursday. The business’s 50 day moving average is $269.13 and its two-hundred day moving average is $252.57. 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 1-year low of $183.00 and a 1-year high of $339.95. The stock has a market capitalization of $56.99 billion, a P/E ratio of 19.28, a PEG ratio of 0.78 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.72 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

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

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.