MQS Management LLC Grows Position in NXP Semiconductors N.V. $NXPI

MQS Management LLC raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 106.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,097 shares of the semiconductor provider’s stock after acquiring an additional 1,597 shares during the period. MQS Management LLC’s holdings in NXP Semiconductors were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of NXP Semiconductors by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after purchasing an additional 293,558 shares during the last quarter. Wellington Management Group LLP increased its position in shares of NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares during the last quarter. State Street Corp increased its position in shares of NXP Semiconductors by 0.5% during the 3rd quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock valued at $2,512,283,000 after purchasing an additional 53,261 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NXP Semiconductors by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after purchasing an additional 121,419 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of NXP Semiconductors by 3.2% during the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock valued at $1,083,013,000 after purchasing an additional 147,192 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent research reports. Morgan Stanley increased their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Loop Capital increased their price objective on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein increased their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was 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 approximately $1,261,187.67. The trade was a 45.92% 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. Insiders have sold a total of 10,865 shares of company stock worth $2,508,416 in the last ninety days. 0.12% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI opened at $316.47 on Friday. The stock’s 50 day simple moving average is $234.74 and its 200 day simple moving average is $226.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $316.81. The firm has a market cap of $79.90 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.08 and a beta of 1.77.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

NXP Semiconductors Company 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.