American Century Companies Inc. Has $69.86 Million Stake in NXP Semiconductors N.V. $NXPI

American Century Companies Inc. increased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 1,266.9% in the 2nd quarter, Holdings Channel reports. The firm owned 319,720 shares of the semiconductor provider’s stock after buying an additional 296,330 shares during the quarter. American Century Companies Inc.’s holdings in NXP Semiconductors were worth $69,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NXPI. Hemington Wealth Management raised its stake in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 84 shares during the period. True Wealth Design LLC raised its position in NXP Semiconductors by 375.6% in the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in NXP Semiconductors in the second quarter worth about $43,000. Finally, Hilltop National Bank acquired a new stake in NXP Semiconductors during the second quarter valued at approximately $44,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.4%

Shares of NASDAQ NXPI opened at $193.76 on Thursday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a 50-day moving average of $212.49 and a two-hundred day moving average of $216.41. The company has a market cap of $48.76 billion, a PE ratio of 23.98, a P/E/G ratio of 2.53 and a beta of 1.47. 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 (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business earned $3.45 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.1%. NXP Semiconductors’s payout ratio is presently 50.12%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president directly owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NXPI. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 price objective on NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.47.

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.