UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Shares in NXP Semiconductors N.V. $NXPI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 17,812 shares of the semiconductor provider’s stock, valued at approximately $5,006,000.

A number of other hedge funds have also modified their holdings of NXPI. Deutsche Bank AG increased its position in NXP Semiconductors by 5.1% during the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after purchasing an additional 93,316 shares in the last quarter. Barclays PLC lifted its stake in shares of NXP Semiconductors by 31.5% during the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock valued at $495,634,000 after buying an additional 546,790 shares during the period. Ieq Capital LLC acquired a new stake in NXP Semiconductors during the second quarter worth approximately $1,208,000. Allworth Financial LP grew its stake in NXP Semiconductors by 301.1% in the 4th quarter. Allworth Financial LP now owns 16,833 shares of the semiconductor provider’s stock worth $3,654,000 after acquiring an additional 12,636 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in NXP Semiconductors by 11.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,097 shares of the semiconductor provider’s stock valued at $8,269,000 after acquiring an additional 3,886 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $223.87 on Wednesday. The business’s fifty day moving average price is $248.05 and its 200 day moving average price is $251.64. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $56.45 billion, a P/E ratio of 19.10, a PEG ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $2.72 EPS. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Bank of America reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Susquehanna raised their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.