3,398 Shares in NXP Semiconductors N.V. $NXPI Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,398 shares of the semiconductor provider’s stock, valued at approximately $955,000.

Other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC lifted its stake in shares of NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after acquiring an additional 5,359 shares during the last quarter. Teacher Retirement System of Texas lifted its position in NXP Semiconductors by 16.4% in the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after purchasing an additional 93,316 shares during the last quarter. Barclays PLC increased its stake in shares of NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after buying an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in NXP Semiconductors by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock valued at $59,496,000 after buying an additional 8,676 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $231.15 on Thursday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm’s 50-day moving average is $284.77 and its 200 day moving average is $252.66. The stock has a market cap of $58.29 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.81 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates 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 was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $2.72 EPS. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal 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 issued 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 payout ratio is presently 34.64%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho lowered their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Loop Capital boosted their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group raised their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Sixteen research 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. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible 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 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 of the company’s stock, valued at $2,821,826.94. This 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. 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.