863,266 Shares in NXP Semiconductors N.V. $NXPI Acquired by Soroban Capital Partners LP

Soroban Capital Partners LP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 863,266 shares of the semiconductor provider’s stock, valued at approximately $169,943,000. NXP Semiconductors accounts for approximately 0.3% of Soroban Capital Partners LP’s holdings, making the stock its 20th biggest position.

Several other institutional investors have also bought and sold shares of the stock. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at $28,000. Jessup Wealth Management Inc bought a new stake in shares of NXP Semiconductors in the 4th quarter worth about $29,000. Finally, Quattro Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a report on Monday. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Raymond James Financial raised their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.73.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% 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. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $267.67 on Tuesday. The stock has a 50-day simple moving average of $295.40 and a 200 day simple moving average of $252.71. The stock has a market capitalization of $67.58 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.12 and a beta of 1.79. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.64 EPS. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.46 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

NXP Semiconductors Company 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.