NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 55.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,146 shares of the semiconductor provider’s stock after purchasing an additional 206,521 shares during the quarter. Bank of Montreal Can’s holdings in NXP Semiconductors were worth $156,192,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NXPI. Evergreen Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 8.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,792 shares of the semiconductor provider’s stock worth $484,000 after acquiring an additional 145 shares during the last quarter. Magnetar Financial LLC purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $1,832,000. Public Sector Pension Investment Board lifted its stake in NXP Semiconductors by 71.4% during the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after purchasing an additional 4,052 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in NXP Semiconductors by 13.6% during the second quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock worth $1,629,000 after purchasing an additional 725 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of NXP Semiconductors by 3.9% during the second quarter. Mount Yale Investment Advisors LLC now owns 7,000 shares of the semiconductor provider’s stock worth $1,884,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 0.0 %

Shares of NXP Semiconductors stock opened at $231.86 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $246.99 and a 200-day simple moving average of $254.17. The stock has a market cap of $59.28 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Analysts Set New Price Targets

NXPI has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Cowen reduced their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays boosted their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.