Midwest Professional Planners LTD. Invests $29,000 in NXP Semiconductors N.V. $NXPI

Midwest Professional Planners LTD. acquired a new stake 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 fund acquired 9,239 shares of the semiconductor provider’s stock, valued at approximately $29,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $6,716,412,000. Wellington Management Group LLP acquired a new stake in shares of NXP Semiconductors during the second quarter worth $21,099,000. Bank of America Corp DE bought a new stake in NXP Semiconductors in the 2nd quarter valued at $1,169,846,000. Van ECK Associates Corp bought a new stake in NXP Semiconductors in the 2nd quarter valued at $1,167,458,000. Finally, Norges Bank acquired a new position in NXP Semiconductors in the 4th quarter worth $613,029,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $222.40 on Wednesday. The stock has a 50 day moving average price of $253.96 and a 200 day moving average price of $252.21. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market capitalization of $56.08 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81.

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, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $2.72 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXPI. Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley increased their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company dropped their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’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 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

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.