Northwestern Mutual Wealth Management Co. Makes New Investment in NXP Semiconductors N.V. $NXPI

Northwestern Mutual Wealth Management Co. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,490 shares of the semiconductor provider’s stock, valued at approximately $5,758,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC raised its holdings in NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares during the period. Aptus Capital Advisors LLC grew its holdings in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares during the period. Gamco Investors INC. ET AL increased its position in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after buying an additional 45 shares in the last quarter. IHT Wealth Management LLC increased its position in NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. raised its stake in shares of NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after buying an additional 54 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Mizuho reduced their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. Finally, Oppenheimer raised their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $224.99 on Friday. The company has a market cap of $56.73 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.78 and a beta of 1.81. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm’s fifty day moving average is $251.18 and its two-hundred day moving average is $251.97.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 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.