Man Group plc Acquires 67,251 Shares of NXP Semiconductors N.V. $NXPI

Man Group plc grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 525,801 shares of the semiconductor provider’s stock after acquiring an additional 67,251 shares during the period. Man Group plc’s holdings in NXP Semiconductors were worth $114,130,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NXPI. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth approximately $26,000. Acumen Wealth Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter worth approximately $28,000. Jessup Wealth Management Inc bought a new stake in NXP Semiconductors in the fourth quarter worth approximately $29,000. Quattro Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter worth approximately $30,000. Finally, Kelleher Financial Advisors bought a new stake in NXP Semiconductors in the third quarter worth approximately $31,000. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of several recent research reports. Raymond James Financial boosted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Citigroup boosted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Loop Capital upped their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Bank of America reaffirmed a “neutral” rating and set a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Finally, Cantor Fitzgerald upped their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on 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 in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock worth $3,182,068 in the last ninety days. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $298.20 on Thursday. 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 has a fifty day simple moving average of $277.29 and a 200 day simple moving average of $240.95. The company has a market cap of $75.29 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.09 and a beta of 1.77. 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 posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. NXP Semiconductors’s quarterly 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 EPS. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.76%.

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.