Swedbank AB Has $26.40 Million Stock Holdings in NXP Semiconductors N.V. $NXPI

Swedbank AB reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 134,087 shares of the semiconductor provider’s stock after selling 4,536 shares during the quarter. Swedbank AB’s holdings in NXP Semiconductors were worth $26,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC boosted its position in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the period. Aptus Capital Advisors LLC grew its holdings in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after acquiring an additional 43 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in NXP Semiconductors by 0.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the period. IHT Wealth Management LLC raised its stake in shares of NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after acquiring an additional 52 shares during the last quarter. Finally, Equitable Holdings Inc. raised its stake in shares of NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $283.81 on Thursday. 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 firm has a market cap of $71.65 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 0.99 and a beta of 1.79. The company’s fifty day simple moving average is $298.92 and its 200 day simple moving average is $247.96. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $2.64 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid 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 yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Susquehanna boosted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Cantor Fitzgerald lifted their target price on NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. BNP Paribas Exane upped their price target on NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Truist Financial increased their price target on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $301.13.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred 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 directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is owned by corporate insiders.

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.