Y Intercept Hong Kong Ltd Purchases New Holdings in NXP Semiconductors N.V. $NXPI

Y Intercept Hong Kong Ltd acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 13,341 shares of the semiconductor provider’s stock, valued at approximately $2,626,000.

A number of other institutional investors have also recently bought and sold shares of NXPI. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of NXP Semiconductors by 55.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,429 shares of the semiconductor provider’s stock worth $13,471,000 after purchasing an additional 24,300 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $4,618,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in shares of NXP Semiconductors by 755.6% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 1,925 shares of the semiconductor provider’s stock valued at $379,000 after acquiring an additional 1,700 shares during the period. Keybank National Association OH increased its stake in shares of NXP Semiconductors by 11.7% during the 1st quarter. Keybank National Association OH now owns 3,182 shares of the semiconductor provider’s stock worth $626,000 after purchasing an additional 334 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock worth $850,000 after purchasing an additional 84 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s 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 owned 3,643 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on NXPI shares. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. KeyCorp boosted their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Loop Capital upped their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.13.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $273.15 on Wednesday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock’s 50-day simple moving average is $297.98 and its 200 day simple moving average is $247.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a market capitalization of $68.96 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm earned $2.64 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio 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.