MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $48.31 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,266 shares of the semiconductor provider’s stock after selling 2,428 shares during the quarter. NXP Semiconductors makes up about 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 27th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.08% of NXP Semiconductors worth $48,306,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. grew its stake in NXP Semiconductors by 76.1% during the third quarter. Factory Mutual Insurance Co. now owns 54,600 shares of the semiconductor provider’s stock worth $13,105,000 after buying an additional 23,600 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in NXP Semiconductors by 2,095.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider’s stock worth $1,317,000 after buying an additional 5,239 shares during the last quarter. Cardinal Capital Management Inc. grew its stake in NXP Semiconductors by 2.4% during the third quarter. Cardinal Capital Management Inc. now owns 100,185 shares of the semiconductor provider’s stock worth $24,045,000 after buying an additional 2,377 shares during the last quarter. First Affirmative Financial Network grew its stake in shares of NXP Semiconductors by 9.1% during the third quarter. First Affirmative Financial Network now owns 1,261 shares of the semiconductor provider’s stock valued at $303,000 after purchasing an additional 105 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of NXP Semiconductors by 4.3% during the third quarter. Valeo Financial Advisors LLC now owns 5,841 shares of the semiconductor provider’s stock valued at $1,402,000 after purchasing an additional 240 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group decreased their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $291.40.

NXP Semiconductors Trading Up 0.8 %

Shares of NASDAQ:NXPI opened at $238.10 on Monday. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $239.84 and its 200 day simple moving average is $253.37. The firm has a market cap of $60.88 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $3.04 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

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.