NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.0% during the 1st quarter, HoldingsChannel reports. The fund owned 190,241 shares of the semiconductor provider’s stock after buying an additional 20,397 shares during the period. NXP Semiconductors comprises 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 22nd largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in NXP Semiconductors were worth $47,136,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new stake in NXP Semiconductors during the third quarter valued at $16,920,000. Bank of Nova Scotia lifted its holdings in NXP Semiconductors by 14.4% in the third quarter. Bank of Nova Scotia now owns 36,771 shares of the semiconductor provider’s stock worth $7,351,000 after acquiring an additional 4,637 shares during the last quarter. Teza Capital Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $498,000. Ancora Advisors LLC grew its holdings in shares of NXP Semiconductors by 111.6% during the third quarter. Ancora Advisors LLC now owns 273 shares of the semiconductor provider’s stock valued at $55,000 after purchasing an additional 144 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of NXP Semiconductors by 74.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 24,240 shares of the semiconductor provider’s stock worth $4,846,000 after purchasing an additional 10,340 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NXPI. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer boosted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.80.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $6.37 during mid-day trading on Tuesday, hitting $272.04. The company’s stock had a trading volume of 1,344,892 shares, compared to its average volume of 2,189,220. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The stock’s fifty day moving average price is $265.84 and its two-hundred day moving average price is $243.61. The stock has a market capitalization of $69.56 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Research analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

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.