Munich Reinsurance Co Stock Corp in Munich Takes Position in NXP Semiconductors N.V. $NXPI

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, Holdings Channel reports. The firm acquired 273,539 shares of the semiconductor provider’s stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC lifted its stake in shares of NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after acquiring an additional 43 shares during the period. Aptus Capital Advisors LLC increased its position in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares during the period. Gamco Investors INC. ET AL raised its holdings in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares during the last quarter. IHT Wealth Management LLC raised its holdings in NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NXPI shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer increased their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Finally, Morgan Stanley upped their target price on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Up 1.3%

NXP Semiconductors stock opened at $227.84 on Friday. The company has a market capitalization of $57.45 billion, a PE ratio of 19.44, a PEG ratio of 0.77 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 firm’s fifty day moving average is $250.20 and its 200 day moving average is $251.80. 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 posted its quarterly 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 period last year, the company posted $2.72 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Insider Buying and Selling

In other 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 owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

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.