73,546 Shares of NXP Semiconductors N.V. $NXPI Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, HoldingsChannel reports. The fund purchased 73,546 shares of the semiconductor provider’s stock, valued at approximately $17,469,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. Wellington Management Group LLP acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $21,099,000. Bank of America Corp DE bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $1,169,846,000. Van ECK Associates Corp acquired a new stake in NXP Semiconductors during the second quarter worth approximately $1,167,458,000. Finally, Jupiter Topco LLC acquired a new stake in NXP Semiconductors during the second quarter worth approximately $742,385,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NXPI. TD Cowen dropped their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Oppenheimer upped their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.91.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% 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 Down 1.8%

NXP Semiconductors stock opened at $231.07 on Friday. The company has a market capitalization of $58.27 billion, a PE ratio of 19.72, a PEG ratio of 0.80 and a beta of 1.80. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm’s fifty day moving average is $230.61 and its 200 day moving average is $255.06. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. 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, September 16th. NXP Semiconductors’s dividend payout ratio is 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.