Assenagon Asset Management S.A. Buys 67,151 Shares of NXP Semiconductors N.V. $NXPI

Assenagon Asset Management S.A. raised its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 59.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,047 shares of the semiconductor provider’s stock after purchasing an additional 67,151 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of NXP Semiconductors worth $41,230,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NXPI. Cullen Investment Group LTD. increased its stake in NXP Semiconductors by 6.5% in the 3rd quarter. Cullen Investment Group LTD. now owns 12,675 shares of the semiconductor provider’s stock worth $2,901,000 after buying an additional 772 shares in the last quarter. Greenfield Savings Bank boosted its stake in shares of NXP Semiconductors by 7.6% in the third quarter. Greenfield Savings Bank now owns 1,801 shares of the semiconductor provider’s stock worth $410,000 after acquiring an additional 127 shares during the period. Cardinal Capital Management Inc. boosted its stake in shares of NXP Semiconductors by 1.9% in the third quarter. Cardinal Capital Management Inc. now owns 118,542 shares of the semiconductor provider’s stock worth $26,996,000 after acquiring an additional 2,158 shares during the period. Shorepoint Capital Partners LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $2,740,000. Finally, GAMMA Investing LLC raised its stake in NXP Semiconductors by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,836 shares of the semiconductor provider’s stock valued at $874,000 after purchasing an additional 438 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern acquired 225 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the purchase, the insider directly owned 11,937 shares in the company, valued at $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares in the company, valued at $2,273,714.05. This represents a 18.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Down 0.5%

Shares of NXPI opened at $222.08 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $210.96 and a 200 day moving average of $218.36. The company has a market cap of $55.89 billion, a PE ratio of 27.49, a P/E/G ratio of 3.32 and a beta of 1.46. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the company posted $3.45 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s payout ratio is 50.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXPI. Truist Financial boosted their target price on shares of NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stifel Nicolaus set a $215.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Arete Research increased their price objective on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Evercore ISI lifted their target price on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.04.

NXP Semiconductors Company 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.