NXP Semiconductors N.V. $NXPI Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 321,264 shares of the semiconductor provider’s stock after acquiring an additional 21,828 shares during the period. NXP Semiconductors makes up 1.6% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 23rd biggest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in NXP Semiconductors were worth $63,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NXPI. MGO One Seven LLC increased its position in shares of NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock worth $3,011,000 after acquiring an additional 5,359 shares during the period. Teacher Retirement System of Texas boosted its holdings in NXP Semiconductors by 16.4% in the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares in the last quarter. Deutsche Bank AG lifted its position in shares of 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 buying an additional 93,316 shares during the last quarter. Barclays PLC boosted its stake in NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock valued at $495,634,000 after acquiring an additional 546,790 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of NXP Semiconductors by 43.5% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 26,400 shares of the semiconductor provider’s stock valued at $5,730,000 after purchasing an additional 8,000 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 3.9%

Shares of NXP Semiconductors stock opened at $283.81 on Thursday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company’s 50-day simple moving average is $298.92 and its 200-day simple moving average is $247.96. The firm has a market cap of $71.65 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 0.99 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.64 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 38.85%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Needham & Company LLC boosted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Evercore increased their price objective on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $301.13.

Insider Activity

In other news, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 NXP Semiconductors stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. 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. Insiders sold 12,611 shares of company stock valued at $3,182,068 in the last three months. 0.05% of the stock is currently owned by company 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.