Zevenbergen Capital Investments LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,100 shares of the semiconductor provider’s stock, valued at approximately $20,451,000.
Other hedge funds have also made changes to their positions in the company. Gamco Investors INC. ET AL grew its holdings in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after acquiring an additional 45 shares during the last quarter. Ballast Advisors LLC increased its position in shares of NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after buying an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after buying an additional 69 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of NXP Semiconductors by 2.0% during the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock worth $850,000 after buying an additional 84 shares during the period. Finally, RFG Advisory LLC boosted its stake in shares of NXP Semiconductors by 3.0% during the 1st quarter. RFG Advisory LLC now owns 3,060 shares of the semiconductor provider’s stock worth $602,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on NXP Semiconductors
NXP Semiconductors Trading Down 1.8%
NASDAQ:NXPI traded down $4.15 during trading hours on Thursday, reaching $231.07. The company’s stock had a trading volume of 3,950,742 shares, compared to its average volume of 3,533,643. The firm has a 50-day simple moving average of $230.61 and a 200-day simple moving average of $255.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm has a market capitalization of $58.27 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.83 and a beta of 1.80.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.72 EPS. Research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.
NXP Semiconductors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s payout ratio is 34.64%.
About NXP Semiconductors
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.
Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.
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