Royal London Asset Management Ltd. Invests $33.02 Million in NXP Semiconductors N.V. $NXPI

Royal London Asset Management Ltd. acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,488 shares of the semiconductor provider’s stock, valued at approximately $33,018,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in NXP Semiconductors during the 2nd quarter worth about $6,716,412,000. State Street Corp lifted its holdings in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares in the last quarter. Wellington Management Group LLP purchased a new position in NXP Semiconductors in the 2nd quarter valued at about $21,099,000. Invesco Ltd. boosted its stake in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after purchasing an additional 30,804 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NXPI shares. Wells Fargo & Company cut their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Oppenheimer raised their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Barclays boosted their price target on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a research note on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Trading Down 1.0%

NASDAQ NXPI 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 50-day moving average of $257.48 and a 200-day moving average of $252.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The company has a market cap of $56.38 billion, a P/E ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81.

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

NXP Semiconductors Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the 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 directly owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company 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.