NXP Semiconductors N.V. $NXPI Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 25.1% during the 1st quarter, Holdings Channel reports. The fund owned 214,835 shares of the semiconductor provider’s stock after selling 71,899 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NXP Semiconductors were worth $42,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $28,000. Jessup Wealth Management Inc acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $29,000. Finally, Wexford Capital LP purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $31,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $298.64 on Friday. The stock has a fifty day moving average price of $289.58 and a 200 day moving average price of $244.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a market cap of $75.40 billion, a PE ratio of 28.58, a P/E/G ratio of 1.06 and a beta of 1.77. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating 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 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 earned $2.64 earnings per share. NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXPI. Wells Fargo & Company upped their price objective on NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Barclays raised their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. KeyCorp boosted their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus raised their price objective on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.08.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This trade represents 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. In the last three months, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is owned by corporate insiders.

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.