Profund Advisors LLC Purchases 5,322 Shares of NXP Semiconductors (NASDAQ:NXPI)

Profund Advisors LLC lifted its position in NXP Semiconductors (NASDAQ:NXPIFree Report) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,428 shares of the semiconductor provider’s stock after purchasing an additional 5,322 shares during the quarter. Profund Advisors LLC’s holdings in NXP Semiconductors were worth $8,596,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NXPI. Norges Bank bought a new position in shares of NXP Semiconductors in the fourth quarter worth $762,077,000. Public Employees Retirement Association of Colorado purchased a new position in NXP Semiconductors in the fourth quarter worth $164,044,000. Kodai Capital Management LP purchased a new position in NXP Semiconductors in the fourth quarter worth $125,319,000. International Assets Investment Management LLC grew its position in NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after acquiring an additional 512,732 shares in the last quarter. Finally, Northern Trust Corp grew its position in NXP Semiconductors by 10.9% in the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after acquiring an additional 211,927 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 2.3 %

NXPI stock traded down $6.48 during trading on Thursday, reaching $275.47. The company had a trading volume of 1,381,241 shares, compared to its average volume of 2,211,900. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The company has a market cap of $70.43 billion, a P/E ratio of 25.44, a PEG ratio of 2.59 and a beta of 1.50. The business has a 50 day moving average of $257.32 and a 200 day moving average of $238.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial upped their price target on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group upped their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $267.80.

Check Out Our Latest Stock Report on NXP Semiconductors

NXP Semiconductors Company Profile

(Free Report)

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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