Wellington Management Group LLP Takes Position in NXP Semiconductors N.V. $NXPI

Wellington Management Group LLP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,719,522 shares of the semiconductor provider’s stock, valued at approximately $21,099,000. Wellington Management Group LLP owned about 2.66% of NXP Semiconductors as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors during the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $29,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $26,000. Finally, Pingora Partners LLC acquired a new stake in NXP Semiconductors in the second quarter valued at $35,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $227.84 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a 50-day simple moving average of $250.20 and a 200-day simple moving average of $251.85. The firm has a market capitalization of $57.45 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

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