Swiss National Bank Acquires 600 Shares of NXP Semiconductors (NASDAQ:NXPI)

Swiss National Bank raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 758,829 shares of the semiconductor provider’s stock after buying an additional 600 shares during the quarter. Swiss National Bank’s holdings in NXP Semiconductors were worth $182,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in shares of NXP Semiconductors by 13.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock worth $4,290,000 after buying an additional 2,100 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of NXP Semiconductors by 13.8% during the 1st quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider’s stock worth $1,552,000 after acquiring an additional 758 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of NXP Semiconductors by 10.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,610 shares of the semiconductor provider’s stock valued at $5,354,000 after acquiring an additional 2,096 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $217.04 on Monday. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The company has a market cap of $55.16 billion, a PE ratio of 20.71, a P/E/G ratio of 4.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The business has a 50-day simple moving average of $234.14 and a two-hundred day simple moving average of $252.67.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 EPS. As a group, equities analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Loop Capital assumed coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group dropped their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.