Glenview Trust Co Makes New $27.96 Million Investment in NXP Semiconductors N.V. $NXPI

Glenview Trust Co purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel reports. The fund purchased 99,492 shares of the semiconductor provider’s stock, valued at approximately $27,960,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. State Street Corp raised its position in shares of NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after acquiring an additional 55,098 shares during the last quarter. Invesco Ltd. lifted its stake in NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after buying an additional 818,985 shares during the period. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after acquiring an additional 30,804 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of NXP Semiconductors by 11.0% during the fourth quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider’s stock worth $923,225,000 after purchasing an additional 421,011 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $225.86 on Friday. The business has a 50-day simple moving average of $259.27 and a two-hundred day simple moving average of $252.52. The stock has a market cap of $56.95 billion, a PE ratio of 19.27, a PEG ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. 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 quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.56%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho dropped their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Finally, TD Cowen lowered their price objective 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. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at $1,153,118.79. The trade was a 32.40% 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 own 0.05% 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.