Czech National Bank Acquires 3,321 Shares of NXP Semiconductors N.V. $NXPI

Czech National Bank boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,863 shares of the semiconductor provider’s stock after acquiring an additional 3,321 shares during the period. Czech National Bank’s holdings in NXP Semiconductors were worth $20,196,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NXP Semiconductors by 34,719.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after purchasing an additional 2,672,697 shares in the last quarter. Soroban Capital Partners LP purchased a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $169,943,000. Invesco Ltd. increased its position in NXP Semiconductors by 17.2% during the 4th 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 in the last quarter. Finally, Amundi increased its position in NXP Semiconductors by 46.6% during the 4th quarter. Amundi now owns 2,203,488 shares of the semiconductor provider’s stock valued at $478,270,000 after buying an additional 700,753 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, 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 transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. 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. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on NXPI. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. TD Cowen lowered their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Loop Capital upped their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BNP Paribas Exane increased their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Susquehanna raised their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Up 3.4%

Shares of NXP Semiconductors stock opened at $239.71 on Friday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve 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. The company’s 50 day moving average is $281.17 and its 200 day moving average is $252.53. The company has a market cap of $60.45 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its 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. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 EPS. Research analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is presently 34.64%.

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.