KBC Group NV Acquires 37,243 Shares of NXP Semiconductors N.V. $NXPI

KBC Group NV lifted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 52.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,710 shares of the semiconductor provider’s stock after buying an additional 37,243 shares during the quarter. KBC Group NV’s holdings in NXP Semiconductors were worth $21,401,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors in the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $28,000. Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $29,000. Finally, Quattro Advisors LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $30,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $273.15 on Wednesday. The firm has a market cap of $68.96 billion, a P/E ratio of 26.14, a PEG ratio of 0.96 and a beta of 1.79. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month 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 has a 50 day moving average of $297.06 and a 200 day moving average of $251.41.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for 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 company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $2.64 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 13.46 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Insider Buying and Selling

In other news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Mizuho boosted their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 29th. Wolfe Research lifted their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein boosted their target price on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. KeyCorp increased their target price on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald raised their price target on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $306.59.

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.