ProShare Advisors LLC Grows Stock Holdings in NXP Semiconductors N.V. $NXPI

ProShare Advisors LLC raised its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 37.0% during the fourth quarter, HoldingsChannel reports. The firm owned 479,698 shares of the semiconductor provider’s stock after purchasing an additional 129,603 shares during the period. ProShare Advisors LLC’s holdings in NXP Semiconductors were worth $104,123,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NXPI. Brighton Jones LLC raised its position in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after purchasing an additional 218 shares in the last quarter. NewEdge Advisors LLC raised its position in NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in NXP Semiconductors by 31.7% during the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock valued at $170,000 after purchasing an additional 187 shares in the last quarter. Marshall Wace LLP raised its position in NXP Semiconductors by 887.0% during the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock valued at $8,010,000 after purchasing an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in NXP Semiconductors during the second quarter valued at about $555,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% 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. Insiders have sold a total of 10,865 shares of company stock worth $2,508,416 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research reports. Loop Capital raised their price target on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Barclays lifted their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group lifted their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein lifted their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Stock Up 0.9%

NXPI opened at $294.28 on Wednesday. The company has a market cap of $74.30 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.05 and a beta of 1.77. The business’s 50-day moving average price is $228.39 and its 200-day moving average price is $224.31. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $306.62.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.64 earnings per share. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s payout ratio is currently 38.85%.

NXP Semiconductors 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.