Northwestern Mutual Wealth Management Co. Invests $5.76 Million in NXP Semiconductors N.V. $NXPI

Northwestern Mutual Wealth Management Co. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,490 shares of the semiconductor provider’s stock, valued at approximately $5,758,000.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted 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 worth $265,000 after acquiring an additional 218 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of NXP Semiconductors by 3.4% in 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NXP Semiconductors by 31.7% during the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after purchasing an additional 187 shares during the period. Marshall Wace LLP increased its stake in shares of NXP Semiconductors by 887.0% during the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after purchasing an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $555,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Wall Street Zen downgraded shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Loop Capital upped their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Evercore increased their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $225.56 on Monday. The stock’s 50-day moving average is $265.95 and its 200-day moving average is $252.50. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $56.88 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.47 billion. During the same quarter last year, the business earned $2.72 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is 34.64%.

Insiders Place Their Bets

In related 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 value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by 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.