T. Rowe Price Associates, Inc. (I… recently announced the acquisition of new stake in NXP Semiconductors N.V. (NASDAQ:NXPI). The institutional investor has increased its shareholding in the Technology company by 42.86% to 35.15 million shares with purchase of 10.54 million shares. This fresh investment now brings its stake to 12.60% valued currently at $4.01 billion. In addition, Fidelity Management & Research Co… raised its holdings by 2.9 million to 26.08 million shares. And Artisan Partners LP has lifted its position by 0.60% or 62701.0 shares – to 10.54 million shares.
With over 3.32 million NXP Semiconductors N.V. (NXPI) shares trading Friday and a closing price of $117.53 on the day, the dollar volume was approximately $390.35 million. The shares have shown a positive weekly performance of 1.54% and its price on 07/31/20 gained nearly 0.26%. Currently, there are 279.93M common shares owned by the public and among those 277.61M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for NXPI have a consensus price objective of $129.52. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $110.00 should the stock experience a downside. Incidentally, analysts’ outlook for the NXP Semiconductors N.V. stock is 2.10 for the next 12 months. The average price target is 1.43% above its last price level and an upside to the estimated low will see the stock lose -6.85% over that period. But an upside of 21.65% will see the stock hit the forecast high price target while mean target price for the stock is $130.00.
Insiders at the company have transacted a total of 83 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 278,792 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 153,902 shares.
The top 3 mutual fund holders in NXP Semiconductors N.V. are T Rowe Price Capital Appreciation, Vanguard Extended Market Index Fu, and Fidelity Blue Chip Growth Fund. T Rowe Price Capital Appreciation owns 6.07 million shares of the company’s stock, all valued at over $691.66 million. The company sold -3.61 million shares recently to bring their total holdings to about 2.17% of the shares outstanding. Fidelity Blue Chip Growth Fund bought 90000.0 shares to bring its total holdings to over 3.49 million shares at a value of $398.0 million. Fidelity Blue Chip Growth Fund now owns shares totaling to 1.25% of the shares outstanding.
Shares of NXP Semiconductors N.V. (NASDAQ: NXPI) opened at $118.36, up $1.14 from a prior closing price of $117.22. However, the script later closed the day at $117.53, up 0.26%. The company’s stock has a 5-day price change of 1.54% and 23.07% over the past three months. NXPI shares are trading -7.65% year to date (YTD), with the 12-month market performance up to 17.53% higher. It has a 12-month low price of $58.41 and touched a high of $139.59 over the same period. Currently, 3.32 million shares have been traded, compared to an average intraday trading volume of 4.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.00%, 4.25%, and 4.93% respectively.
Institutional ownership of NXP Semiconductors N.V. (NASDAQ: NXPI) shares accounts for 94.80% of the company’s 279.93M shares outstanding. Mutual fund holders own 39.17%, while other institutional holders and individual stakeholders account for 54.63% and 0.42% respectively.
It has a market capitalization of $33.77B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 137.95, while the earnings-per-share (ttm) stands at $0.85. The company has a PEG of 13.98 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.15% over the week and 3.02% over the month.
Analysts forecast that NXP Semiconductors N.V. (NXPI) will achieve an EPS of $1.1 for the current quarter, $1.39 for the next quarter and $6.82 for 2021. The lowest estimate earnings-per-share for the quarter is $1.09 while analysts give the company a high EPS estimate of $1.16. Comparatively, EPS for the current quarter was $2.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -87.30%, and 49.69% over the next financial year. EPS should grow at an annualized rate of 9.87% over the next five years, compared to -17.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate NXP Semiconductors N.V. (NXPI) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 8 of the 27 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NXPI, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on June 08, 2020, with the firm’s price target at $140. Evercore ISI coverage for the NXP Semiconductors N.V. (NXPI) stock in a research note released on April 13, 2020 offered a In-line rating with a price target of $100. Mizuho was of a view on November 05, 2019 that the stock is Buy, while Cowen gave the stock Outperform rating on October 30, 2019, issuing a price target of $125- $135. KeyBanc Capital Markets on their part issued Overweight rating on October 01, 2019.