Caisse de depot et placement du Quebec Purchases New Position in NXP Semiconductors N.V. $NXPI

Caisse de depot et placement du Quebec purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 63,428 shares of the semiconductor provider’s stock, valued at approximately $17,825,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Man Group plc acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $204,472,000. Jupiter Topco LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $742,385,000. J. Goldman & Co LP bought a new position in NXP Semiconductors during the 2nd quarter valued at about $6,888,000. Ancora Advisors LLC bought a new position in NXP Semiconductors during the 2nd quarter valued at about $37,000. Finally, Palisade Capital Management LP acquired a new position in NXP Semiconductors in the second quarter valued at about $812,000. 90.54% of the stock is owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president owned 3,643 shares of the company’s stock, 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 owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on NXPI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Morgan Stanley boosted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company decreased their price target on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer raised their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Mizuho cut their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Stock Down 1.0%

NASDAQ:NXPI opened at $223.58 on Friday. The company has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock’s fifty day moving average price is $257.48 and its two-hundred day moving average price is $252.32. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during 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 revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $2.72 EPS. On average, analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

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

NXP Semiconductors Company 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.