Lazard Asset Management LLC Purchases 28,214 Shares of NXP Semiconductors N.V. $NXPI

Lazard Asset Management LLC lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,656 shares of the semiconductor provider’s stock after acquiring an additional 28,214 shares during the quarter. Lazard Asset Management LLC’s holdings in NXP Semiconductors were worth $72,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Brighton Jones LLC increased its holdings in NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of NXP Semiconductors by 31.7% during the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock valued at $170,000 after purchasing an additional 187 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of NXP Semiconductors by 887.0% during the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after purchasing an additional 32,945 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $555,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $267.67 on Tuesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The company has a market capitalization of $67.58 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.79. The business has a 50-day moving average of $295.40 and a 200-day moving average of $252.71.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping 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 company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $2.64 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.46 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXPI. Jefferies Financial Group raised their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Bank of America raised their price target on shares of NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Needham & Company LLC lifted their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $307.73.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing 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 Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% 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. 0.05% of the stock is currently owned by insiders.

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.