RNC Capital Management LLC Has $1.39 Million Stake in NXP Semiconductors N.V. $NXPI

RNC Capital Management LLC lifted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 27.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,361 shares of the semiconductor provider’s stock after purchasing an additional 1,379 shares during the period. RNC Capital Management LLC’s holdings in NXP Semiconductors were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in NXP Semiconductors by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider’s stock worth $1,545,958,000 after acquiring an additional 87,820 shares during the period. Invesco Ltd. grew its holdings in NXP Semiconductors by 8.2% during the 1st quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock worth $891,975,000 after acquiring an additional 353,782 shares during the period. Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors by 10.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock worth $858,902,000 after acquiring an additional 432,838 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in NXP Semiconductors by 20.0% during the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after acquiring an additional 567,831 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the sale, the president directly owned 4,958 shares of the company’s stock, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Betz sold 6,785 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,785 shares of company stock valued at $2,197,852 in the last three months. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Barclays lifted their target price on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $257.06.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $217.16 on Thursday. The firm has a market cap of $54.75 billion, a PE ratio of 25.88, a PEG ratio of 2.52 and a beta of 1.44. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $256.62. The company has a fifty day moving average price of $225.56 and a 200 day moving average price of $211.69.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.20 EPS. Research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given 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 yield of 1.9%. NXP Semiconductors’s payout ratio is 48.39%.

About NXP Semiconductors

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.