Parnassus Investments LLC Invests $36.68 Million in NXP Semiconductors N.V. $NXPI

Parnassus Investments LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 161,077 shares of the semiconductor provider’s stock, valued at approximately $36,682,000. Parnassus Investments LLC owned 0.06% of NXP Semiconductors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Lisle Cummings Inc. increased its holdings in shares of NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 84 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the 2nd quarter worth $35,000. True Wealth Design LLC grew its holdings in shares of NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at $43,000. Finally, North Capital Inc. raised its holdings in shares of NXP Semiconductors by 119.8% in the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $241.15 on Friday. The firm has a 50-day moving average of $214.91 and a 200-day moving average of $220.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The stock has a market cap of $60.69 billion, a PE ratio of 29.85, a P/E/G ratio of 2.99 and a beta of 1.46. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is presently 50.25%.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,097 shares of company stock worth $5,003,058 in the last ninety days. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Arete increased their price target on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. Stifel Nicolaus set a $215.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.62.

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.