Nuveen LLC Takes $219.88 Million Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Nuveen LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 1st quarter, Holdings Channel.com reports. The fund acquired 1,156,887 shares of the semiconductor provider’s stock, valued at approximately $219,878,000.

Several other large investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of NXP Semiconductors by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider’s stock valued at $1,545,958,000 after acquiring an additional 87,820 shares during the last quarter. Invesco Ltd. lifted its stake in shares of NXP Semiconductors by 8.2% in the 1st quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock valued at $891,975,000 after purchasing an additional 353,782 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of NXP Semiconductors by 10.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock valued at $858,902,000 after purchasing an additional 432,838 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of NXP Semiconductors by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,836,756 shares of the semiconductor provider’s stock valued at $589,622,000 after purchasing an additional 357,309 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NXP Semiconductors by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider’s stock valued at $555,248,000 after purchasing an additional 377,048 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna boosted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $256.05.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares of the company’s stock, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William Betz sold 6,785 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Down 1.0%

Shares of NXPI opened at $205.16 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $259.74. The firm has a 50-day moving average price of $218.43 and a 200 day moving average price of $206.48. The firm has a market capitalization of $51.72 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.35 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. NXP Semiconductors’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.20 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is 48.39%.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.