4,154,211 Shares in NXP Semiconductors N.V. $NXPI Bought by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, HoldingsChannel reports. The fund acquired 4,154,211 shares of the semiconductor provider’s stock, valued at approximately $1,167,458,000. NXP Semiconductors accounts for 0.7% of Van ECK Associates Corp’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $6,716,412,000. Wellington Management Group LLP bought a new position in NXP Semiconductors in the second quarter worth about $21,099,000. Bank of America Corp DE purchased a new stake in NXP Semiconductors in the second quarter worth about $1,169,846,000. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter valued at approximately $613,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Down 1.0%

NXP Semiconductors stock opened at $223.58 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The business’s fifty day simple moving average is $257.48 and its two-hundred day simple moving average is $252.32. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Analyst Ratings Changes

A number of research firms have recently commented on NXPI. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Barclays increased their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a report on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The transaction 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 Micallef sold 1,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% 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. Corporate insiders own 0.05% of the company’s stock.

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.