First Hawaiian Bank Has $1.99 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

First Hawaiian Bank boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 37.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,386 shares of the semiconductor provider’s stock after purchasing an additional 2,006 shares during the period. First Hawaiian Bank’s holdings in NXP Semiconductors were worth $1,987,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $164,044,000. Finally, Kodai Capital Management LP bought a new stake in NXP Semiconductors in the 4th quarter valued at about $125,319,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NXPI. Citigroup upped their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $265.00 to $325.00 in a research report on Friday, May 24th. TD Cowen lowered their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Transactions at NXP Semiconductors

In related news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought 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 owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $2.34 during mid-day trading on Monday, reaching $235.41. The company had a trading volume of 3,227,521 shares, compared to its average volume of 2,268,460. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. 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 market cap of $59.97 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49. The business has a fifty day simple moving average of $269.97 and a 200 day simple moving average of $251.68.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results 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. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 earnings per share. On average, equities research analysts predict that NXP Semiconductors will post 12 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) 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.