Varma Mutual Pension Insurance Co Takes $14.93 Million Position in NXP Semiconductors N.V. $NXPI

Varma Mutual Pension Insurance Co bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, HoldingsChannel reports. The firm bought 53,114 shares of the semiconductor provider’s stock, valued at approximately $14,927,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter valued at about $28,000. Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter worth about $28,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of NXP Semiconductors during the second quarter worth about $29,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $225.56 on Monday. The stock has a market cap of $56.88 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $265.95 and its two-hundred day simple moving average is $252.50. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released 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 analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.72 EPS. Analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business 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 was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wall Street Zen lowered NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The stock was 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 approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.