IFM Investors Pty Ltd Increases Stock Holdings in NXP Semiconductors N.V. $NXPI

IFM Investors Pty Ltd raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,785 shares of the semiconductor provider’s stock after acquiring an additional 2,979 shares during the quarter. IFM Investors Pty Ltd’s holdings in NXP Semiconductors were worth $10,391,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $28,000. Jessup Wealth Management Inc purchased a new position in NXP Semiconductors in the 4th quarter valued at approximately $29,000. Finally, Wexford Capital LP purchased a new position in NXP Semiconductors in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $279.18 on Thursday. The stock has a market cap of $70.48 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80. The company has a fifty day simple moving average of $294.68 and a 200-day simple moving average of $246.21. 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 earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 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 firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wolfe Research upped their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their target price on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Bank of America restated a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Finally, Susquehanna increased their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.13.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at $1,153,118.79. The trade was 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 available 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 company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Corporate 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.