Vanguard Group Inc. Buys 1,909,898 Shares of NXP Semiconductors (NASDAQ:NXPI)

Vanguard Group Inc. raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,921,432 shares of the semiconductor provider’s stock after buying an additional 1,909,898 shares during the quarter. Vanguard Group Inc. owned about 5.05% of NXP Semiconductors worth $3,201,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in NXP Semiconductors by 46.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC raised its stake in NXP Semiconductors by 29.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after buying an additional 28,758 shares during the period. Principal Financial Group Inc. raised its stake in NXP Semiconductors by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after buying an additional 3,262 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Zhang Financial LLC grew its stake in NXP Semiconductors by 55.7% in the first quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock valued at $977,000 after acquiring an additional 1,411 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $9.98 during trading on Friday, reaching $269.29. 2,403,162 shares of the company’s stock were exchanged, compared to its average volume of 1,726,966. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The business has a 50 day moving average price of $273.25 and a 200-day moving average price of $248.21. The stock has a market capitalization of $68.85 billion, a P/E ratio of 24.87, a PEG ratio of 2.52 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Insider Buying and Selling

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. JPMorgan Chase & Co. raised their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Barclays upped their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Citigroup upped their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group started coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.54.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.