Andra AP fonden Has $20.47 Million Holdings in NXP Semiconductors N.V. $NXPI

Andra AP fonden increased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 72,841 shares of the semiconductor provider’s stock after purchasing an additional 4,800 shares during the period. Andra AP fonden’s holdings in NXP Semiconductors were worth $20,471,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $6,716,412,000. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors in the second quarter worth approximately $21,099,000. Bank of America Corp DE acquired a new position in shares of NXP Semiconductors in the second quarter worth approximately $1,169,846,000. Van ECK Associates Corp bought a new stake in NXP Semiconductors in the second quarter valued at approximately $1,167,458,000. Finally, Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter valued at approximately $613,029,000. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target 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. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Mizuho dropped their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. Wells Fargo & Company cut their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $305.65.

NXP Semiconductors Trading Up 1.4%

Shares of NXPI stock traded up $3.22 during trading hours on Tuesday, hitting $235.63. 777,908 shares of the company were exchanged, compared to its average volume of 3,559,978. The company has a 50 day simple moving average of $238.44 and a two-hundred day simple moving average of $251.50. The firm has a market cap of $59.42 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.78 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

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, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.72 EPS. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their position. 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. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.