Hartford Funds Management Co LLC Buys 2,232 Shares of NXP Semiconductors N.V. $NXPI

Hartford Funds Management Co LLC boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 30.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,605 shares of the semiconductor provider’s stock after acquiring an additional 2,232 shares during the quarter. Hartford Funds Management Co LLC’s holdings in NXP Semiconductors were worth $1,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MGO One Seven LLC raised its stake in shares of NXP Semiconductors by 63.0% in the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after acquiring an additional 5,359 shares during the last quarter. Teacher Retirement System of Texas grew its position in NXP Semiconductors by 16.4% during the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock worth $9,847,000 after acquiring an additional 6,379 shares during the last quarter. Deutsche Bank AG increased its holdings in NXP Semiconductors by 5.1% during the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock valued at $418,538,000 after purchasing an additional 93,316 shares in the last quarter. Barclays PLC increased its holdings in NXP Semiconductors by 31.5% during the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock valued at $495,634,000 after purchasing an additional 546,790 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. bought a new position in NXP Semiconductors in the 3rd quarter valued at $10,817,000. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NXPI shares. Mizuho increased their target price on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial upped their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Barclays increased their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $307.27.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. 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 ninety days, insiders sold 12,611 shares of company stock valued at $3,182,068. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Down 4.7%

Shares of NASDAQ NXPI opened at $278.39 on Tuesday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a market cap of $70.29 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.05 and a beta of 1.79. The firm has a 50 day moving average price of $299.87 and a 200 day moving average price of $249.23.

NXP Semiconductors (NASDAQ:NXPI) last announced 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 net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm posted $2.64 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors’s payout ratio 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.