Boston Partners Increases Position in NXP Semiconductors N.V. $NXPI

Boston Partners raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,845,867 shares of the semiconductor provider’s stock after purchasing an additional 406,278 shares during the period. Boston Partners’ holdings in NXP Semiconductors were worth $621,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $26,000. Jessup Wealth Management Inc purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $29,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $31,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $31,000. Finally, Community Bank N.A. purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $37,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $304.86 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a 50-day simple moving average of $270.67 and a 200-day simple moving average of $238.24. The company has a market cap of $76.97 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s payout ratio is 38.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NXPI shares. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. BNP Paribas Exane increased their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald raised their target price on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,061,078 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

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.