Midwest Professional Planners LTD. Makes New Investment in NXP Semiconductors N.V. $NXPI

Midwest Professional Planners LTD. acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,239 shares of the semiconductor provider’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $21,099,000. Bank of America Corp DE bought a new position in shares of NXP Semiconductors during the second quarter worth approximately $1,169,846,000. Van ECK Associates Corp bought a new position in shares of NXP Semiconductors during the second quarter worth approximately $1,167,458,000. Finally, Norges Bank acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $613,029,000. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. UBS Group restated a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Wall Street Zen cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Trading Down 1.0%

Shares of NXP Semiconductors stock opened at $222.40 on Wednesday. The company has a market capitalization of $56.08 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.76 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm’s 50-day moving average price is $253.96 and its two-hundred day moving average price is $252.21.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.72 EPS. On average, analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. 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 is presently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, 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 sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

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.