IFM Investors Pty Ltd Increases Stock Position in NXP Semiconductors N.V. $NXPI

IFM Investors Pty Ltd raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,785 shares of the semiconductor provider’s stock after acquiring an additional 2,979 shares during the period. IFM Investors Pty Ltd’s holdings in NXP Semiconductors were worth $10,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $28,000. Jessup Wealth Management Inc purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $29,000. Finally, Quattro Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Citigroup lifted their target price on shares of NXP Semiconductors from $270.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. TD Cowen upped their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.13.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 over the last three months. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 0.7%

NXPI opened at $279.18 on Thursday. The business has a 50 day moving average price of $294.68 and a two-hundred day moving average price of $246.21. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a market cap of $70.48 billion, a PE ratio of 26.72, a P/E/G ratio of 1.01 and a beta of 1.80. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm earned $2.64 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 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.