NXP Semiconductors N.V. $NXPI Holdings Increased by Conning Inc.

Conning Inc. increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 204.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808 shares of the semiconductor provider’s stock after acquiring an additional 2,557 shares during the period. Conning Inc.’s holdings in NXP Semiconductors were worth $750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after buying an additional 218 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in NXP Semiconductors by 3.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after acquiring an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of NXP Semiconductors by 31.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after purchasing an additional 187 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after purchasing an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in NXP Semiconductors during the second quarter valued at approximately $555,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.6%

Shares of NASDAQ:NXPI traded up $1.72 during trading on Friday, reaching $292.26. 1,789,023 shares of the company traded hands, compared to its average volume of 3,974,638. The firm has a fifty day simple moving average of $300.17 and a 200 day simple moving average of $248.72. The firm has a market cap of $73.79 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.79. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year 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.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly 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 net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $2.64 earnings per share. NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th 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 of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 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 transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,611 shares of company stock worth $3,182,068 over the last ninety days. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays raised their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. TD Cowen upped their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Truist Financial boosted their target price 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 target price (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Finally, Evercore raised their target price on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $302.27.

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.