PGGM Investments Cuts Stake in NXP Semiconductors (NASDAQ:NXPI)

PGGM Investments lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.5% in the second quarter, Holdings Channel reports. The institutional investor owned 29,761 shares of the semiconductor provider’s stock after selling 1,071 shares during the period. PGGM Investments’ holdings in NXP Semiconductors were worth $8,008,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in NXP Semiconductors by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after buying an additional 3,262 shares during the last quarter. Zhang Financial LLC raised its position in NXP Semiconductors by 55.7% during the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock worth $977,000 after buying an additional 1,411 shares during the last quarter. Handelsbanken Fonder AB raised its position in NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after buying an additional 34,131 shares during the last quarter. Heritage Wealth Management LLC purchased a new position in NXP Semiconductors during the 4th quarter worth $845,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in 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 buying an additional 2,097,727 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 3.8 %

Shares of NXP Semiconductors stock traded up $9.19 during mid-day trading on Thursday, hitting $252.83. 444,208 shares of the stock were exchanged, compared to its average volume of 2,250,924. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company has a 50-day simple moving average of $264.66 and a 200 day simple moving average of $252.66. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company earned $3.04 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were given a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.60%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NXPI shares. Citigroup increased their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Morgan Stanley cut their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Argus increased their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Company Profile

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.