NXP Semiconductors N.V. $NXPI Shares Acquired by Glenview Trust Co

Glenview Trust Co boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,097 shares of the semiconductor provider’s stock after purchasing an additional 5,451 shares during the quarter. Glenview Trust Co’s holdings in NXP Semiconductors were worth $17,820,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NXPI. Systematic Financial Management LP lifted its stake in NXP Semiconductors by 34.2% in the fourth quarter. Systematic Financial Management LP now owns 3,745 shares of the semiconductor provider’s stock valued at $813,000 after buying an additional 955 shares during the last quarter. Swedbank AB raised its position in NXP Semiconductors by 4.4% in the fourth quarter. Swedbank AB now owns 138,623 shares of the semiconductor provider’s stock worth $30,090,000 after acquiring an additional 5,806 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in NXP Semiconductors in the fourth quarter worth $49,000. Coldstream Capital Management Inc. raised its position in NXP Semiconductors by 10.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,605 shares of the semiconductor provider’s stock worth $1,217,000 after acquiring an additional 518 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new position in NXP Semiconductors in the fourth quarter worth $19,056,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXPI. Jefferies Financial Group increased their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Loop Capital lifted their price objective on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $316.47 on Monday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $316.81. The company has a market cap of $79.90 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 1.14 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $234.74 and a 200-day simple moving average of $226.43.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $2.64 earnings per share. NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is currently 38.76%.

Insider Buying and Selling

In related news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This represents a 72.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,865 shares of company stock valued at $2,508,416. Corporate insiders own 0.12% of the company’s stock.

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.