Assenagon Asset Management S.A. Raises Holdings in NXP Semiconductors N.V. $NXPI

Assenagon Asset Management S.A. increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 72.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 370,193 shares of the semiconductor provider’s stock after purchasing an additional 155,358 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NXP Semiconductors were worth $104,035,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. MCF Advisors LLC increased its stake in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares in the last quarter. Aptus Capital Advisors LLC increased its position in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares in the last quarter. Gamco Investors INC. ET AL increased its position in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after buying an additional 45 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after acquiring an additional 50 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after acquiring an additional 52 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NXPI shares. Truist Financial raised their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Evercore raised their price target on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. TD Cowen dropped their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Finally, UBS Group reaffirmed a “neutral” rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $239.71 on Friday. The firm has a fifty day moving average of $281.17 and a 200-day moving average of $252.53. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week 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 firm has a market capitalization of $60.45 billion, a P/E ratio of 20.45, a PEG ratio of 0.79 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share 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 firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $2.72 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents 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 owned by corporate insiders.

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.