Mufg Securities Americas Inc. Acquires Shares of 7,605 NXP Semiconductors N.V. $NXPI

Mufg Securities Americas Inc. acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,605 shares of the semiconductor provider’s stock, valued at approximately $2,137,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. BlackRock Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. State Street Corp lifted its holdings in NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares during the last quarter. Wellington Management Group LLP acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $21,099,000. Invesco Ltd. boosted its position in NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the period. Finally, Geode Capital Management LLC boosted its position in NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after purchasing an additional 30,804 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer increased their price objective 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. Wells Fargo & Company reduced their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 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. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated 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 approximately $2,821,826.94. This represents a 10.06% 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.

NXP Semiconductors Stock Down 1.0%

NASDAQ NXPI opened at $223.58 on Friday. 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 company has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81. The company has a 50 day moving average of $257.48 and a 200-day moving average of $252.32. 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 issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the business posted $2.72 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 34.64%.

About NXP Semiconductors

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.