NXP Semiconductors N.V. $NXPI Stake Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,175 shares of the semiconductor provider’s stock after purchasing an additional 1,837 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $21,310,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NXPI. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. Wexford Capital LP acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $31,000. Community Bank N.A. acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC increased its position in NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 153 shares during the period. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,865 shares of company stock worth $2,508,416 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NXPI shares. Citigroup lifted their target price on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus lifted their target price on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Cantor Fitzgerald lifted their target price on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. TD Cowen lifted their target price on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna lifted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Stock Performance

NXPI opened at $311.38 on Tuesday. The company has a market capitalization of $78.61 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The business has a 50 day moving average price of $250.51 and a two-hundred day moving average price of $231.41.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.64 earnings per share. Research analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 38.85%.

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.