Andra AP fonden Buys 12,900 Shares of NXP Semiconductors N.V. $NXPI

Andra AP fonden boosted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,600 shares of the semiconductor provider’s stock after acquiring an additional 12,900 shares during the period. NXP Semiconductors accounts for 0.8% of Andra AP fonden’s investment portfolio, making the stock its 21st largest holding. Andra AP fonden’s holdings in NXP Semiconductors were worth $67,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Aviva PLC lifted its stake in NXP Semiconductors by 8.9% in the fourth quarter. Aviva PLC now owns 937,057 shares of the semiconductor provider’s stock valued at $203,398,000 after buying an additional 76,834 shares during the period. Peterson Wealth Services lifted its stake in NXP Semiconductors by 161.8% in the fourth quarter. Peterson Wealth Services now owns 2,618 shares of the semiconductor provider’s stock valued at $568,000 after buying an additional 1,618 shares during the period. Logan Capital Management Inc. lifted its stake in NXP Semiconductors by 5.4% in the fourth quarter. Logan Capital Management Inc. now owns 13,990 shares of the semiconductor provider’s stock valued at $3,037,000 after buying an additional 713 shares during the period. Xponance LLC lifted its stake in NXP Semiconductors by 7.5% in the fourth quarter. Xponance LLC now owns 27,963 shares of the semiconductor provider’s stock valued at $6,070,000 after buying an additional 1,962 shares during the period. Finally, Parnassus Investments LLC lifted its stake in NXP Semiconductors by 43.8% in the fourth quarter. Parnassus Investments LLC now owns 231,599 shares of the semiconductor provider’s stock valued at $50,271,000 after buying an additional 70,522 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wolfe Research boosted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Susquehanna boosted their price target on 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. boosted their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upped their target price on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial upped their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.92.

Trending Headlines about NXP Semiconductors

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: NXP announced a quarterly interim dividend of $1.014 per share, underscoring management’s confidence in the company’s capital strength and long-term cash flow generation. NXP Semiconductors Announces Quarterly Dividend
• Positive Sentiment: Shares also benefited from a broader semiconductor rebound as the Nasdaq recovered, with investors rotating back into chips after recent rate-pressure concerns eased. Himax, NXP Semiconductors, and Impinj Shares Skyrocket, What You Need To Know

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the 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 completion of the sale, the executive vice president directly 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. The transaction was disclosed in a filing with the SEC, 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 on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,611 shares of company stock valued at $3,061,078. 0.05% of the stock is owned by insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $302.55 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The stock’s 50 day moving average is $268.49 and its 200-day moving average is $237.77. The firm has a market capitalization of $76.38 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.03 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.14 billion. During the same period in the prior year, the firm earned $2.64 earnings per share. NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

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.