AMF Tjanstepension AB Acquires Shares of 6,897 NXP Semiconductors N.V. $NXPI

AMF Tjanstepension AB acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,897 shares of the semiconductor provider’s stock, valued at approximately $1,358,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after purchasing an additional 293,558 shares during the last quarter. State Street Corp increased its position in NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after buying an additional 55,098 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after buying an additional 121,419 shares during the last quarter. Invesco Ltd. raised its stake in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after buying an additional 818,985 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after buying an additional 30,804 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated 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 directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was 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 owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 over the last 90 days. 0.05% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI opened at $292.26 on Monday. The firm has a market capitalization 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 one year low of $183.00 and a one year high of $339.95. The company has a fifty day moving average price of $300.17 and a 200-day moving average price of $248.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the company posted $2.64 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.4%. NXP Semiconductors’s payout ratio is 38.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC lifted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wolfe Research lifted their target price on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their price target on shares of NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.27.

About NXP Semiconductors

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.