NXP Semiconductors N.V. $NXPI Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,565,995 shares of the semiconductor provider’s stock after selling 208,816 shares during the quarter. Janus Henderson Group PLC’s holdings in NXP Semiconductors were worth $556,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter worth approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after buying an additional 2,672,697 shares during the period. Wellington Management Group LLP increased its position in NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares during the period. Amundi increased its position in NXP Semiconductors by 46.6% during the fourth quarter. Amundi now owns 2,203,488 shares of the semiconductor provider’s stock worth $478,270,000 after buying an additional 700,753 shares during the period. Finally, Rafferty Asset Management LLC increased its position in NXP Semiconductors by 56.3% during the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after buying an additional 690,277 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 $2,821,826.94. This represents a 10.06% 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. Over the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Truist Financial lifted their price target on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays lifted their price target on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Needham & Company LLC lifted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $295.92.

NXP Semiconductors Trading Down 1.5%

NASDAQ:NXPI opened at $298.20 on Thursday. The firm has a market cap of $75.29 billion, a P/E ratio of 28.54, a PEG ratio of 1.09 and a beta of 1.77. 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 stock’s 50 day simple moving average is $277.29 and its 200-day simple moving average is $240.95. 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 released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.64 earnings per share. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. NXP Semiconductors’s 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.