NXP Semiconductors N.V. $NXPI Shares Purchased by Forsta AP Fonden

Forsta AP Fonden raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,800 shares of the semiconductor provider’s stock after buying an additional 11,300 shares during the period. Forsta AP Fonden’s holdings in NXP Semiconductors were worth $14,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $26,000. Wexford Capital LP acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $31,000. Community Bank N.A. purchased a new position in NXP Semiconductors in the 3rd quarter worth about $37,000. Finally, Cornerstone Planning Group LLC raised its holdings in NXP Semiconductors by 1,092.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,865 shares of company stock valued at $2,508,416 in the last quarter. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Down 2.7%

Shares of NASDAQ NXPI opened at $321.35 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The business has a 50-day moving average price of $248.13 and a two-hundred day moving average price of $230.47. The firm has a market capitalization of $81.13 billion, a PE ratio of 30.75, a PEG ratio of 1.16 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.64 earnings per share. As a group, analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio is presently 38.76%.

Analyst Ratings Changes

A number of analysts have commented on NXPI shares. Raymond James Financial upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America restated a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Truist Financial upped their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore raised their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, KeyCorp lifted their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

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.