4,154,211 Shares in NXP Semiconductors N.V. $NXPI Acquired by Van ECK Associates Corp

Van ECK Associates Corp bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,154,211 shares of the semiconductor provider’s stock, valued at approximately $1,167,458,000. NXP Semiconductors makes up about 0.7% of Van ECK Associates Corp’s investment portfolio, making the stock its 23rd biggest position. Van ECK Associates Corp owned about 1.65% of NXP Semiconductors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter worth $6,716,412,000. Wellington Management Group LLP bought a new position in NXP Semiconductors in the second quarter valued at $21,099,000. Bank of America Corp DE purchased a new stake in NXP Semiconductors during the second quarter valued at about $1,169,846,000. Norges Bank bought a new stake in NXP Semiconductors during the fourth quarter worth about $613,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 34,719.4% during the fourth 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 during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Wall Street Zen lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday. Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. UBS Group reiterated 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, August 3rd. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Trading Down 1.0%

Shares of NXPI stock opened at $223.58 on Friday. The business has a 50-day moving average of $257.48 and a 200 day moving average of $252.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The stock has a market capitalization of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.77 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 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. 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. Corporate insiders own 0.05% of the company’s stock.

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.