Jupiter Topco LLC Takes $742.38 Million Position in NXP Semiconductors N.V. $NXPI

Jupiter Topco LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,641,698 shares of the semiconductor provider’s stock, valued at approximately $742,385,000. Jupiter Topco LLC owned approximately 1.05% of NXP Semiconductors at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth $26,000. SHP Wealth Management purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $27,000. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at about $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the second quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter worth about $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital upped their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Barclays upped their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group increased their price target on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $305.43.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. 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. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $224.75 on Wednesday. The business’s fifty day moving average is $262.52 and its 200 day moving average is $252.50. The firm has a market cap of $56.67 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. 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 issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping 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 return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 EPS. Research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

About NXP Semiconductors

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.