Aureus Asset Management LLC Buys Shares of 6,683 NXP Semiconductors N.V. $NXPI

Aureus Asset Management LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, HoldingsChannel reports. The firm purchased 6,683 shares of the semiconductor provider’s stock, valued at approximately $1,316,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after acquiring an additional 293,558 shares during the last quarter. State Street Corp grew its stake in NXP Semiconductors by 0.5% during the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after purchasing an additional 55,098 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after purchasing an additional 121,419 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after acquiring an additional 30,804 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $278.80 on Thursday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $296.66 and a 200-day moving average price of $251.85. The company has a market cap of $70.39 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm earned $2.64 earnings per share. NXP Semiconductors’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.46 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s payout ratio is currently 38.85%.

Wall Street Analyst Weigh In

NXPI has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of NXP Semiconductors from $310.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BNP Paribas Exane increased their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wolfe Research raised their target price on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Loop Capital boosted their target price on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Mizuho upped their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $306.59.

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.