ABN Amro Investment Solutions Makes New Investment in NXP Semiconductors N.V. $NXPI

ABN Amro Investment Solutions bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the first quarter, HoldingsChannel reports. The institutional investor bought 12,539 shares of the semiconductor provider’s stock, valued at approximately $2,468,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $28,000. Jessup Wealth Management Inc bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $29,000. Finally, Quattro Advisors LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $30,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Trading Down 0.5%

NASDAQ NXPI opened at $277.29 on Friday. The company has a fifty day simple moving average of $296.33 and a two-hundred day simple moving average of $252.24. The stock has a market cap of $70.01 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.16 and a beta of 1.79. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.64 earnings per share. On average, analysts forecast that NXP Semiconductors N.V. will post 13.46 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Loop Capital boosted their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group upped their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Bank of America increased their price objective on shares of NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $306.59.

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.