NXP Semiconductors N.V. $NXPI Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,392 shares of the semiconductor provider’s stock after purchasing an additional 2,293 shares during the period. Principal Financial Group Inc. owned about 0.11% of NXP Semiconductors worth $54,411,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC increased its stake in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 69 shares in the last quarter. Tevis Investment Management purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $265,000. AMF Tjanstepension AB acquired a new position in shares of NXP Semiconductors during the first quarter valued at approximately $1,358,000. Paradiem LLC acquired a new position in shares of NXP Semiconductors during the first quarter valued at approximately $263,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of NXP Semiconductors by 76.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 301,412 shares of the semiconductor provider’s stock worth $59,336,000 after acquiring an additional 130,142 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Truist Financial increased their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen raised their price target on shares of NXP Semiconductors from $310.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group increased their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.27.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock worth $3,182,068 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.5%

Shares of NXP Semiconductors stock opened at $266.53 on Friday. The firm has a market capitalization of $67.29 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 0.97 and a beta of 1.79. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a 50 day moving average of $298.25 and a 200 day moving average of $250.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $2.64 EPS. NXP Semiconductors’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors N.V. will post 13.49 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

About NXP Semiconductors

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.