695,757 Shares in NXP Semiconductors N.V. $NXPI Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, Holdings Channel reports. The fund acquired 695,757 shares of the semiconductor provider’s stock, valued at approximately $195,529,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 business’s stock in a transaction dated 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 sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $232.72 on Tuesday. 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 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The business’s 50 day simple moving average is $271.70 and its 200 day simple moving average is $252.70. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.80 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company earned $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen reduced their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Raymond James Financial lifted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $305.43.

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.