MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $39.01 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,844 shares of the semiconductor provider’s stock after purchasing an additional 5,478 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.07% of NXP Semiconductors worth $39,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Norges Bank acquired a new stake in NXP Semiconductors in the 4th quarter worth $326,580,000. Moneta Group Investment Advisors LLC bought a new position in shares of NXP Semiconductors during the 4th quarter worth about $267,123,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after acquiring an additional 1,360,582 shares during the period. Barclays PLC lifted its holdings in shares of NXP Semiconductors by 94.6% during the 2nd quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock worth $234,116,000 after acquiring an additional 556,178 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of NXP Semiconductors during the 1st quarter worth about $98,687,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 2,120 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total value of $481,791.20. Following the transaction, the executive vice president now directly owns 38,229 shares in the company, valued at $8,687,922.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

NXP Semiconductors Trading Up 0.9 %

NASDAQ NXPI traded up $2.33 during trading on Friday, reaching $247.77. 1,731,419 shares of the stock traded hands, compared to its average volume of 2,557,095. The firm has a market cap of $63.54 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The stock’s 50-day moving average price is $235.76 and its 200 day moving average price is $214.22. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NXPI shares. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Finally, Truist Financial lifted their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.75.

NXP Semiconductors Company 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.