NXP Semiconductors N.V. $NXPI Shares Acquired by Legal & General Group Plc

Legal & General Group Plc grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,964,079 shares of the semiconductor provider’s stock after buying an additional 22,067 shares during the period. Legal & General Group Plc’s holdings in NXP Semiconductors were worth $426,323,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after purchasing an additional 50 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares during the last quarter. Washington Capital Management Inc. grew its position in shares of NXP Semiconductors by 1.8% in the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after purchasing an additional 55 shares during the last quarter. Equitable Trust Co. grew its position in shares of NXP Semiconductors by 0.7% in the fourth quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock valued at $1,673,000 after purchasing an additional 56 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of NXP Semiconductors by 5.8% in the fourth quarter. Perigon Wealth Management LLC now owns 1,053 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 58 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $316.47 on Tuesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $316.81. The firm’s 50 day moving average price is $237.25 and its 200 day moving average price is $227.22. The firm has a market cap of $79.90 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business earned $2.64 earnings per share. NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analysts Set New Price Targets

NXPI has been the topic of several research reports. Evercore increased their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. KeyCorp increased their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Loop Capital raised their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna raised their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $294.25.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% 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. Insiders have sold a total of 10,865 shares of company stock valued at $2,508,416 over the last quarter. Company insiders own 0.12% 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.