NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 4,525.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 356,774 shares of the semiconductor provider’s stock after purchasing an additional 349,061 shares during the quarter. Bessemer Group Inc. owned about 0.14% of NXP Semiconductors worth $88,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares during the period. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the period. Van ECK Associates Corp grew its stake in shares of NXP Semiconductors by 24.6% during the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after purchasing an additional 325,187 shares during the period. Finally, Putnam Investments LLC grew its stake in NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after acquiring an additional 65,741 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 3.0 %

NASDAQ NXPI traded down $7.90 during mid-day trading on Wednesday, hitting $254.40. The company’s stock had a trading volume of 4,059,161 shares, compared to its average volume of 2,211,726. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The stock’s fifty day simple moving average is $273.54 and its two-hundred day simple moving average is $249.37. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a market capitalization of $65.04 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.65 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 36.13%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $3.04 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. Research analysts expect that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.59%. NXP Semiconductors’s payout ratio is 37.49%.

Insider Activity at NXP Semiconductors

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 transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NXPI. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. UBS Group increased their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Evercore ISI increased their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. TD Cowen lowered their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.46.

About NXP Semiconductors

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.