Carmignac Gestion Purchases 207,465 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mar 13, 2023

Carmignac Gestion grew its stake in NXP Semiconductors (NASDAQ:NXPI - Get Rating) by 8,298.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,965 shares of the semiconductor provider's stock after purchasing an additional 207,465 shares during the period. Carmignac Gestion owned approximately 0.08% of NXP Semiconductors worth $33,181,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Phoenix Holdings Ltd. lifted its stake in shares of NXP Semiconductors by 3.4% in the 4th quarter. Phoenix Holdings Ltd. now owns 2,967 shares of the semiconductor provider's stock valued at $471,000 after purchasing an additional 98 shares during the last quarter. ING Groep NV lifted its stake in shares of NXP Semiconductors by 8.6% in the 4th quarter. ING Groep NV now owns 67,474 shares of the semiconductor provider's stock valued at $10,663,000 after purchasing an additional 5,353 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of NXP Semiconductors by 24.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,377 shares of the semiconductor provider's stock valued at $376,000 after purchasing an additional 473 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of NXP Semiconductors by 2.3% in the 4th quarter. First Horizon Advisors Inc. now owns 58,186 shares of the semiconductor provider's stock valued at $9,195,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of NXP Semiconductors by 1.4% in the 4th quarter. Amalgamated Bank now owns 41,675 shares of the semiconductor provider's stock valued at $6,586,000 after purchasing an additional 583 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

NASDAQ NXPI traded up $9.84 during trading on Monday, hitting $181.18. The company's stock had a trading volume of 3,605,800 shares, compared to its average volume of 2,092,432. NXP Semiconductors has a fifty-two week low of $132.08 and a fifty-two week high of $198.28. The company has a market cap of $47.02 billion, a PE ratio of 17.37, a P/E/G ratio of 0.70 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.75 and a quick ratio of 1.28. The business's 50 day simple moving average is $171.94 and its 200-day simple moving average is $172.79.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, June 13th. NXP Semiconductors's payout ratio is 38.93%.

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price target on NXP Semiconductors from $175.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, February 1st. Truist Financial increased their price target on NXP Semiconductors from $210.00 to $217.00 in a report on Wednesday, May 3rd. Mizuho increased their price target on NXP Semiconductors from $180.00 to $183.00 in a report on Wednesday, May 3rd. StockNews.com assumed coverage on NXP Semiconductors in a report on Thursday, May 18th. They issued a "buy" rating on the stock. Finally, Credit Suisse Group increased their price target on NXP Semiconductors from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.09.

In other news, EVP Jennifer Wuamett sold 15,000 shares of the firm's stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $166.52, for a total value of $2,497,800.00. Following the completion of the transaction, the executive vice president now directly owns 30,569 shares in the company, valued at $5,090,349.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.

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