National Pension Service boosted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 785,680 shares of the semiconductor provider’s stock after buying an additional 20,919 shares during the period. National Pension Service owned 0.31% of NXP Semiconductors worth $171,663,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Hemington Wealth Management lifted its holdings in shares of NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the period. True Wealth Design LLC increased its position in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the period. Legacy Investment Solutions LLC acquired a new position in NXP Semiconductors in the second quarter worth about $43,000. Finally, Hilltop National Bank bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
Shares of NASDAQ NXPI opened at $204.08 on Thursday. The business’s 50 day moving average is $218.60 and its 200-day moving average is $216.05. The firm has a market cap of $51.36 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.48. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. NXP Semiconductors’s dividend payout ratio (DPR) is 50.12%.
Insiders Place Their Bets
In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the transaction, the executive vice president owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on NXPI shares. Stifel Nicolaus set a $215.00 price objective on NXP Semiconductors in a research note on Tuesday, October 28th. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. TD Cowen reduced their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Evercore ISI upped their target price on shares of NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $252.47.
Check Out Our Latest Analysis on NXPI
NXP Semiconductors Profile
NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.
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