NXP Semiconductors N.V. $NXPI Shares Acquired by Aviva PLC

Aviva PLC grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 937,057 shares of the semiconductor provider’s stock after buying an additional 76,834 shares during the quarter. Aviva PLC’s holdings in NXP Semiconductors were worth $203,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. Jessup Wealth Management Inc acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $29,000. Wexford Capital LP acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $31,000. Finally, Community Bank N.A. acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,611 shares of company stock worth $3,061,078 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Trending Headlines about NXP Semiconductors

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: NXP announced a quarterly interim dividend of $1.014 per share, underscoring management’s confidence in the company’s capital strength and long-term cash flow generation. NXP Semiconductors Announces Quarterly Dividend
• Positive Sentiment: Shares also benefited from a broader semiconductor rebound as the Nasdaq recovered, with investors rotating back into chips after recent rate-pressure concerns eased. Himax, NXP Semiconductors, and Impinj Shares Skyrocket, What You Need To Know

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James Financial upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Mizuho upped their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. Citigroup upped their price target on NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.92.

NXP Semiconductors Price Performance

NXPI stock opened at $302.55 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The business has a 50 day simple moving average of $268.49 and a 200-day simple moving average of $237.77. The firm has a market capitalization of $76.38 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.77. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

NXP Semiconductors 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.