Robeco Schweiz AG Has $46.79 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Robeco Schweiz AG reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,880 shares of the semiconductor provider’s stock after selling 27,815 shares during the quarter. Robeco Schweiz AG owned 0.07% of NXP Semiconductors worth $46,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Norges Bank purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in NXP Semiconductors by 893.2% during the fourth 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 in the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 10.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after buying an additional 173,697 shares during the last quarter. Finally, Putnam Investments LLC raised its position 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 buying an additional 65,741 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen cut their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Morgan Stanley decreased their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Price Performance

NXPI opened at $225.14 on Friday. The firm has a 50-day moving average price of $253.38 and a 200-day moving average price of $254.99. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $57.35 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.80%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Insiders Place Their Bets

In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

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.