Plato Investment Management Ltd Invests $1.35 Million in NXP Semiconductors N.V. $NXPI

Plato Investment Management Ltd bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,835 shares of the semiconductor provider’s stock, valued at approximately $1,351,000.

Other institutional investors also recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc acquired a new position in shares of NXP Semiconductors in the second quarter worth about $29,000. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $27,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $28,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents 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. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXPI. Wells Fargo & Company decreased their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. TD Cowen reduced their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Truist Financial lifted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $232.72 on Tuesday. The company has a market cap of $58.68 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.80 and a beta of 1.82. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company’s 50-day moving average price is $271.70 and its 200-day moving average price is $252.70. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business earned $2.72 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

NXP Semiconductors 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.