Generate Investment Management Ltd Purchases 27,351 Shares of NXP Semiconductors N.V. $NXPI

Generate Investment Management Ltd boosted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 115.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 51,057 shares of the semiconductor provider’s stock after purchasing an additional 27,351 shares during the quarter. Generate Investment Management Ltd’s holdings in NXP Semiconductors were worth $11,082,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NXPI. Shelton Capital Management lifted its holdings in shares of NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock valued at $18,217,000 after purchasing an additional 11,577 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of NXP Semiconductors by 13.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after buying an additional 7,034 shares during the last quarter. Bourgeon Capital Management LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth about $1,310,000. Oliver Luxxe Assets LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth about $6,096,000. Finally, Schroder Investment Management Group raised its position in NXP Semiconductors by 20.7% in the 2nd quarter. Schroder Investment Management Group now owns 209,445 shares of the semiconductor provider’s stock worth $45,762,000 after buying an additional 35,956 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $191.66 on Friday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.36. The firm has a market capitalization of $48.43 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 0.88 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $220.13 and a 200 day moving average of $219.10.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period last year, the firm earned $3.18 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.1%. NXP Semiconductors’s payout ratio is 51.13%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America lowered their target price on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Mizuho reduced their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. KeyCorp increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.67.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Company 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.