Conning Inc. Purchases 2,557 Shares of NXP Semiconductors N.V. $NXPI

Conning Inc. lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 204.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,808 shares of the semiconductor provider’s stock after buying an additional 2,557 shares during the quarter. Conning Inc.’s holdings in NXP Semiconductors were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Vanguard Group Inc. boosted its holdings in NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after acquiring an additional 293,558 shares during the period. Wellington Management Group LLP boosted its stake in NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares during the period. State Street Corp boosted its stake in NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NXP Semiconductors by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after buying an additional 121,419 shares during the last quarter. Finally, Invesco Ltd. increased its position in NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction 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. The trade was a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% 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. In the last three months, insiders sold 12,611 shares of company stock valued at $3,182,068. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. BNP Paribas Exane upped their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. KeyCorp lifted their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Mizuho increased their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $302.27.

NXP Semiconductors Price Performance

Shares of NXPI traded up $1.72 during mid-day trading on Friday, hitting $292.26. 1,789,023 shares of the company traded hands, compared to its average volume of 3,974,638. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average of $300.17 and a 200 day moving average of $248.72. The stock has a market capitalization of $73.79 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.05 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share 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%. NXP Semiconductors’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.64 EPS. As a group, equities analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

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.