State Street Corp Buys 71,892 Shares of NXP Semiconductors N.V. $NXPI

State Street Corp lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.7% in the second quarter, HoldingsChannel reports. The fund owned 10,934,800 shares of the semiconductor provider’s stock after acquiring an additional 71,892 shares during the period. State Street Corp’s holdings in NXP Semiconductors were worth $2,399,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Brown Lisle Cummings Inc. lifted its holdings in NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. True Wealth Design LLC raised its position in shares of NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at $43,000. Hilltop National Bank bought a new position in NXP Semiconductors in the 2nd quarter worth $44,000. Finally, NewSquare Capital LLC increased its stake in NXP Semiconductors by 89.3% in the 2nd quarter. NewSquare Capital LLC now owns 248 shares of the semiconductor provider’s stock worth $54,000 after buying an additional 117 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern acquired 225 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the acquisition, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the sale, the executive vice president directly owned 6,828 shares of the company’s stock, valued at $1,476,281.88. The trade was a 12.77% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,672 shares of company stock valued at $2,474,089. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NXPI. TD Cowen lowered their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Evercore ISI upped their price target on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Arete Research raised their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $256.47.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $228.05 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The firm has a market capitalization of $57.39 billion, a PE ratio of 28.22, a PEG ratio of 3.40 and a beta of 1.46. The stock’s fifty day moving average is $210.60 and its 200 day moving average is $217.04.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be issued 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 currently 50.25%.

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.