Franklin Resources Inc. Buys 103,152 Shares of NXP Semiconductors N.V. $NXPI

Franklin Resources Inc. raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,162,508 shares of the semiconductor provider’s stock after acquiring an additional 103,152 shares during the period. Franklin Resources Inc.’s holdings in NXP Semiconductors were worth $252,334,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its stake in NXP Semiconductors by 7.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 35,481 shares of the semiconductor provider’s stock valued at $7,702,000 after acquiring an additional 2,525 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in NXP Semiconductors during the 4th quarter valued at $53,000. Fiera Capital Corp lifted its stake in NXP Semiconductors by 26.1% during the 4th quarter. Fiera Capital Corp now owns 29,430 shares of the semiconductor provider’s stock valued at $6,388,000 after acquiring an additional 6,087 shares in the last quarter. Krane Funds Advisors LLC lifted its stake in NXP Semiconductors by 29.7% during the 4th quarter. Krane Funds Advisors LLC now owns 9,104 shares of the semiconductor provider’s stock valued at $1,976,000 after acquiring an additional 2,086 shares in the last quarter. Finally, Lyrical Asset Management LP lifted its stake in NXP Semiconductors by 5.8% during the 4th quarter. Lyrical Asset Management LP now owns 28,950 shares of the semiconductor provider’s stock valued at $6,284,000 after acquiring an additional 1,587 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value 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 approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,611 shares of company stock valued at $3,061,078. 0.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Barclays raised their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised their target price on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday. KeyCorp raised their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus raised their target price on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $295.92.

NXP Semiconductors Trading Down 1.2%

Shares of NXP Semiconductors stock opened at $297.41 on Wednesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm has a market cap of $75.09 billion, a PE ratio of 28.46, a P/E/G ratio of 1.09 and a beta of 1.77. The stock has a fifty day moving average price of $264.41 and a 200-day moving average price of $236.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $2.64 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

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.