Daiwa Securities Group Inc. Grows Stock Position in NXP Semiconductors N.V. $NXPI

Daiwa Securities Group Inc. lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,053 shares of the semiconductor provider’s stock after purchasing an additional 2,163 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NXP Semiconductors were worth $18,027,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $26,000. Kelleher Financial Advisors purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Community Bank N.A. purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of NXP Semiconductors by 1,092.9% during the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 8.1%

NASDAQ:NXPI opened at $295.96 on Friday. The stock has a fifty day moving average price of $260.21 and a two-hundred day moving average price of $234.41. The stock has a market capitalization of $74.72 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.16 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXPI. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Stifel Nicolaus increased their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald increased their price objective on NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Barclays increased their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were 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 in the company, valued at $474,700. This trade represents a 72.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,061,078. Insiders own 0.05% 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.