Nissay Asset Management Corp Japan Invests $45.84 Million in NXP Semiconductors N.V. $NXPI

Nissay Asset Management Corp Japan purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 163,106 shares of the semiconductor provider’s stock, valued at approximately $45,838,000. Nissay Asset Management Corp Japan owned 0.06% of NXP Semiconductors at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NXPI. Wellington Management Group LLP acquired a new position in NXP Semiconductors in the 2nd quarter worth approximately $21,099,000. Kingsview Wealth Management LLC acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $511,000. Beacon Pointe Advisors LLC acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $1,203,000. Glenview Trust Co purchased a new stake in shares of NXP Semiconductors in the second quarter valued at $27,960,000. Finally, Empowered Funds LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at $8,892,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company reduced their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Mizuho decreased 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. TD Cowen lowered their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Trading Down 1.0%

Shares of NASDAQ:NXPI opened at $223.58 on Friday. The firm has a fifty day moving average of $257.48 and a two-hundred day moving average of $252.32. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm has a market capitalization of $56.38 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted 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. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insider Activity

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% 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 insiders.

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.