Daiichi Life Insurance Co. Ltd. Makes New Investment in NXP Semiconductors N.V. $NXPI

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, Holdings Channel reports. The institutional investor acquired 11,654 shares of the semiconductor provider’s stock, valued at approximately $3,275,000.

Several other institutional investors have also recently made changes to their positions in NXPI. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management acquired a new stake in NXP Semiconductors during the fourth quarter valued at $27,000. Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the second quarter valued at $28,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors in the fourth quarter valued at $28,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of NXP Semiconductors in the second quarter worth about $29,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred 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 approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. 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 currently owned by insiders.

NXP Semiconductors Stock Performance

NXPI opened at $225.56 on Monday. The firm’s fifty day simple moving average is $265.95 and its two-hundred day simple moving average is $252.50. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.82. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $2.72 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NXPI. Wall Street Zen lowered shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Jefferies Financial Group upped their price target on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. TD Cowen lowered their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company dropped their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

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.