Royal London Asset Management Ltd. Makes New $33.02 Million Investment in NXP Semiconductors N.V. $NXPI

Royal London Asset Management Ltd. bought a new position in shares of 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 (SEC). The fund bought 117,488 shares of the semiconductor provider’s stock, valued at approximately $33,018,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $73,000. Mufg Securities Americas Inc. purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $2,137,000. Van ECK Associates Corp purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $1,167,458,000. Ferguson Wellman Capital Management Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter worth $631,000. Finally, Nissay Asset Management Corp Japan acquired a new stake in shares of NXP Semiconductors in the 2nd quarter worth $45,838,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction 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. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% 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 corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $223.58 on Friday. The stock has a fifty day moving average price of $257.48 and a 200 day moving average price of $252.32. The stock has a market cap of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its 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 company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.72 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NXPI shares. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. UBS Group reissued a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a research note on Wednesday, July 29th. Wall Street Zen lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Oppenheimer increased their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

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.