Amova Asset Management Americas Inc. Decreases Stake in NXP Semiconductors N.V. $NXPI

Amova Asset Management Americas Inc. decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,932 shares of the semiconductor provider’s stock after selling 2,173 shares during the period. Amova Asset Management Americas Inc.’s holdings in NXP Semiconductors were worth $5,624,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. MGO One Seven LLC increased its stake in shares of NXP Semiconductors by 63.0% in the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after purchasing an additional 5,359 shares during the period. Teacher Retirement System of Texas increased its stake in shares of NXP Semiconductors by 16.4% in the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares during the period. ING Groep NV increased its stake in shares of NXP Semiconductors by 27.5% in the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock valued at $23,877,000 after purchasing an additional 22,631 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NXP Semiconductors by 21.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after purchasing an additional 398,250 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of NXP Semiconductors by 293.6% in the third quarter. Cibc World Market Inc. now owns 38,543 shares of the semiconductor provider’s stock valued at $8,777,000 after purchasing an additional 28,751 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NXPI shares. Truist Financial raised their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Bank of America restated a “neutral” rating and issued a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Susquehanna raised their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane raised their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.92.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. The trade was a 45.92% 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. In the last three months, insiders have sold 12,611 shares of company stock worth $3,061,078. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.2%

NXP Semiconductors stock opened at $297.41 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The firm has a market cap of $75.09 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm’s 50 day moving average price is $264.41 and its two-hundred day moving average price is $236.27.

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

NXP Semiconductors Dividend Announcement

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

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.