Commerce Bank Invests $7.95 Million in NXP Semiconductors N.V. $NXPI

Commerce Bank bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel reports. The firm bought 28,295 shares of the semiconductor provider’s stock, valued at approximately $7,952,000.

A number of other large investors also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $26,000. SHP Wealth Management acquired a new position in NXP Semiconductors in the 4th quarter valued at $27,000. Allied Private Wealth LLC acquired a new position in NXP Semiconductors in the 2nd quarter valued at $28,000. Acumen Wealth Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter worth $28,000. Finally, Bell Investment Advisors Inc bought a new position in NXP Semiconductors during the 2nd quarter worth $29,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction 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. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a research report on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $225.56 on Monday. The stock has a market capitalization of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.82. The stock’s fifty day moving average is $265.95 and its 200 day moving average is $252.50. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 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, June 24th. NXP Semiconductors’s payout ratio is currently 34.64%.

NXP Semiconductors 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.