J.Safra Asset Management Corp Makes New Investment in NXP Semiconductors N.V. $NXPI

J.Safra Asset Management Corp acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,104 shares of the semiconductor provider’s stock, valued at approximately $1,153,000.

A number of other institutional investors also recently bought and sold shares of the business. MGO One Seven LLC grew its position in NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after buying an additional 5,359 shares during the last quarter. Teacher Retirement System of Texas raised 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 buying an additional 6,379 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of NXP Semiconductors by 5.1% in the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after acquiring an additional 93,316 shares during the period. Barclays PLC lifted its stake in shares of NXP Semiconductors by 31.5% in the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after acquiring an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of NXP Semiconductors by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock valued at $59,496,000 after acquiring an additional 8,676 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $234.71 on Monday. The stock has a fifty day moving average price of $273.07 and a 200 day moving average price of $252.68. The stock has a market cap of $59.18 billion, a PE ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.82. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. 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 (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NXPI shares. Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Wolfe Research lifted their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wells Fargo & Company cut their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Finally, Morgan Stanley raised their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

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.