Principal Financial Group Inc. Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,895 shares of the semiconductor provider's stock after acquiring an additional 5,722 shares during the period. Principal Financial Group Inc. owned about 0.12% of NXP Semiconductors worth $72,938,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in NXP Semiconductors during the first quarter worth approximately $843,000. Empowered Funds LLC grew its position in shares of NXP Semiconductors by 80.1% in the 1st quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider's stock valued at $1,937,000 after buying an additional 3,478 shares during the last quarter. Montag A & Associates Inc. raised its stake in NXP Semiconductors by 1.7% during the 1st quarter. Montag A & Associates Inc. now owns 5,945 shares of the semiconductor provider's stock worth $1,479,000 after acquiring an additional 100 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in NXP Semiconductors during the 1st quarter worth $237,000. Finally, Meeder Advisory Services Inc. lifted its position in NXP Semiconductors by 19.0% in the first quarter. Meeder Advisory Services Inc. now owns 3,675 shares of the semiconductor provider's stock valued at $911,000 after acquiring an additional 586 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. UBS Group cut their target price on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday. Susquehanna cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday. Morgan Stanley decreased their price objective on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a report on Wednesday. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price on the stock. Finally, StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $275.60.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $2.23 during midday trading on Friday, reaching $233.89. The company's stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,526,578. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $179.64 and a fifty-two week high of $296.08. The firm has a market capitalization of $59.45 billion, a PE ratio of 22.32, a P/E/G ratio of 4.30 and a beta of 1.49. The stock's 50 day simple moving average is $235.72 and its 200 day simple moving average is $253.37.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter last year, the business earned $3.31 earnings per share. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors's payout ratio is currently 38.74%.

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.