NXP Semiconductors N.V. $NXPI Shares Purchased by Profund Advisors LLC

Profund Advisors LLC increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,962 shares of the semiconductor provider’s stock after acquiring an additional 1,827 shares during the period. Profund Advisors LLC’s holdings in NXP Semiconductors were worth $8,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the period. Rovin Capital UT ADV grew its holdings in shares of NXP Semiconductors by 1.5% in the 3rd quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock worth $814,000 after acquiring an additional 52 shares during the period. IHT Wealth Management LLC increased its stake in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares in the last quarter. Washington Capital Management Inc. raised its holdings in NXP Semiconductors by 1.8% during the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock worth $659,000 after purchasing an additional 55 shares during the last quarter. Finally, Invera Wealth Advisors LLC boosted its position in NXP Semiconductors by 0.9% during the third quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock worth $1,390,000 after purchasing an additional 56 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NXPI shares. Wells Fargo & Company upped their target price on NXP Semiconductors from $235.00 to $265.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore increased their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Mizuho lifted their target price on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $291.68 on Tuesday. The firm has a 50 day simple moving average of $226.54 and a 200-day simple moving average of $223.68. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm has a market cap of $73.64 billion, a PE ratio of 27.91, a P/E/G ratio of 1.05 and a beta of 1.77. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $306.62.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 38.76%.

NXP Semiconductors Profile

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.