Jones Financial Companies Lllp Acquires Shares of 13,700 NXP Semiconductors N.V. $NXPI

Jones Financial Companies Lllp bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,700 shares of the semiconductor provider’s stock, valued at approximately $3,850,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in NXP Semiconductors during the second quarter valued at about $6,716,412,000. Vanguard Group Inc. grew its holdings in NXP Semiconductors by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after buying an additional 293,558 shares in the last quarter. State Street Corp grew its position in shares of NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares in the last quarter. Invesco Ltd. increased its position in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after buying an additional 30,804 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares in the company, valued at $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.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. KeyCorp boosted their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Wells Fargo & Company reduced their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their price objective on NXP Semiconductors from $265.00 to $300.00 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Trading Down 1.4%

NASDAQ NXPI opened at $222.44 on Tuesday. The stock has a market cap of $56.09 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a 50 day simple moving average of $264.08 and a two-hundred day simple moving average of $252.52. 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 announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company 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 for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.72 earnings per share. On average, analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 34.56%.

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.