Principal Financial Group Inc. Increases Stock Holdings in NXP Semiconductors N.V. $NXPI

Principal Financial Group Inc. grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 276,392 shares of the semiconductor provider’s stock after purchasing an additional 2,293 shares during the period. Principal Financial Group Inc.’s holdings in NXP Semiconductors were worth $54,411,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $26,000. SHP Wealth Management acquired a new stake in NXP Semiconductors during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $28,000. Jessup Wealth Management Inc purchased a new position in NXP Semiconductors during the 4th quarter worth $29,000. Finally, Wexford Capital LP purchased a new position in NXP Semiconductors during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 1.5%

NXPI stock opened at $266.53 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. The company’s 50-day moving average price is $298.25 and its 200 day moving average price is $250.47. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a market cap of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.97 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the company posted $2.64 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors N.V. will post 13.49 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s payout ratio is presently 38.85%.

Analyst Ratings Changes

A number of brokerages have recently commented on NXPI. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. BNP Paribas Exane increased their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Mizuho lifted their target price on NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research note on Wednesday, April 29th. Needham & Company LLC boosted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.27.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’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 transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was 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. Insiders have sold 12,611 shares of company stock valued at $3,182,068 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

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.