591,346 Shares in NXP Semiconductors N.V. $NXPI Purchased by Employees Provident Fund Board

Employees Provident Fund Board purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 591,346 shares of the semiconductor provider’s stock, valued at approximately $128,358,000.

Several other large investors also recently bought and sold shares of NXPI. MGO One Seven LLC lifted its stake in shares of NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock worth $3,011,000 after purchasing an additional 5,359 shares during the period. Teacher Retirement System of Texas increased its stake in NXP Semiconductors by 16.4% in the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock worth $9,847,000 after buying an additional 6,379 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NXP Semiconductors by 21.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after purchasing an additional 398,250 shares during the period. Deutsche Bank AG lifted its holdings in shares of NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after buying an additional 93,316 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its stake in NXP Semiconductors by 43.5% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 26,400 shares of the semiconductor provider’s stock worth $5,730,000 after purchasing an additional 8,000 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock worth $3,182,068 over the last quarter. 0.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial increased their target price on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore increased their price target on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen lifted their price objective on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein increased their price target on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $313.27 on Friday. The firm has a fifty day simple moving average of $281.83 and a 200-day simple moving average of $242.29. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $79.09 billion, a P/E ratio of 29.98, a PEG ratio of 1.13 and a beta of 1.77.

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, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.64 EPS. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

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.