NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 71.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,725 shares of the semiconductor provider’s stock after acquiring an additional 4,052 shares during the period. Public Sector Pension Investment Board’s holdings in NXP Semiconductors were worth $2,617,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NXPI. 1832 Asset Management L.P. increased its stake in shares of NXP Semiconductors by 13.6% in the second quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock valued at $1,629,000 after purchasing an additional 725 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in NXP Semiconductors by 3.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 7,000 shares of the semiconductor provider’s stock worth $1,884,000 after buying an additional 261 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $1,078,000. Profund Advisors LLC raised its stake in NXP Semiconductors by 5.6% during the 2nd quarter. Profund Advisors LLC now owns 41,717 shares of the semiconductor provider’s stock valued at $11,226,000 after acquiring an additional 2,207 shares in the last quarter. Finally, Hancock Whitney Corp boosted its position in NXP Semiconductors by 2.8% during the 2nd quarter. Hancock Whitney Corp now owns 30,709 shares of the semiconductor provider’s stock worth $8,263,000 after acquiring an additional 835 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.1 %

Shares of NASDAQ:NXPI opened at $244.93 on Friday. The firm has a 50 day simple moving average of $243.78 and a 200 day simple moving average of $253.76. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $62.62 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm posted $3.04 earnings per share. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.66%. NXP Semiconductors’s dividend payout ratio is 37.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on NXPI shares. Oppenheimer raised their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 target price on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Truist Financial reduced their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays upped their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Transactions at NXP Semiconductors

In related news, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.