Invesco Ltd. Has $1.01 Billion Stock Holdings in NXP Semiconductors N.V. $NXPI

Invesco Ltd. decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,608,495 shares of the semiconductor provider’s stock after selling 84,631 shares during the period. Invesco Ltd. owned 1.83% of NXP Semiconductors worth $1,006,910,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NXPI. Hemington Wealth Management raised its stake in shares of NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 59 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares during the period. True Wealth Design LLC grew its stake in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares during the period. Legacy Investment Solutions LLC acquired a new position in NXP Semiconductors in the second quarter valued at about $43,000. Finally, Hilltop National Bank acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $44,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 5.7%

NASDAQ:NXPI opened at $227.56 on Thursday. The company has a market cap of $57.27 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.96 and a beta of 1.46. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The business has a 50 day moving average price of $210.51 and a two-hundred day moving average price of $216.24. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business earned $3.45 earnings per share. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is 50.25%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Evercore ISI boosted their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. TD Cowen reduced their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $252.47.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president owned 6,828 shares in the company, valued at approximately $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. This represents a 30.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.

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.