ProShare Advisors LLC acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 318,437 shares of the semiconductor provider’s stock, valued at approximately $75,638,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vise Technologies Inc. lifted its position in shares of NXP Semiconductors by 12.6% in the third quarter. Vise Technologies Inc. now owns 6,629 shares of the semiconductor provider’s stock worth $1,575,000 after buying an additional 740 shares in the last quarter. Invera Wealth Advisors LLC bought a new position in NXP Semiconductors during the third quarter valued at approximately $1,461,000. MGO One Seven LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $3,500,000. Gilliland Jeter Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $308,000. Finally, Americana Partners LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $469,000. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Price Performance
Shares of NASDAQ NXPI opened at $259.61 on Monday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The firm has a market capitalization of $65.43 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.88 and a beta of 1.83. The stock has a 50 day moving average price of $232.97 and a 200 day moving average price of $246.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company earned $3.11 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.79 earnings per share for the current year.
NXP Semiconductors announced that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This repurchase authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
NXP Semiconductors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. NXP Semiconductors’s payout ratio is currently 31.92%.
Insider Buying and Selling 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 directly 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.
Wall Street Analyst Weigh In
NXPI has been the topic of a number of research reports. Truist Financial reduced their price objective on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, October 28th. TD Cowen raised their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America reaffirmed a “neutral” rating and set a $280.00 price target on shares of NXP Semiconductors in a research note on Wednesday. Finally, Oppenheimer increased their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.
Read Our Latest Analysis on NXPI
More NXP Semiconductors News
Here are the key news stories impacting NXP Semiconductors this week:
- Positive Sentiment: NXP reported third-quarter adjusted EPS of $4.20 and revenue of $3.79 billion, exceeding consensus estimates. Revenue increased 19.3% year over year, supported by broad-based growth in automotive and industrial markets. The 5 most interesting analyst questions from NXP Semiconductors’s Q3 earnings call
- Positive Sentiment: Management highlighted double-digit growth across every geographic region and identified software-defined vehicles, industrial applications and data centers as longer-term growth drivers. Data-center revenue is expected to exceed $500 million in 2026, with potential to surpass $1 billion in coming years. NXPI Q3 deep dive
- Positive Sentiment: The company added $5 billion to its share-repurchase authorization, bringing total capacity to approximately $6.3 billion—roughly 9.5% of its market capitalization—and indicated that buybacks could accelerate beginning in the fourth quarter. 3 Tech Stocks Boosting Buyback Capacity
- Neutral Sentiment: Analyst views remain divided. Needham and Oppenheimer maintained bullish ratings, while Wells Fargo kept a Hold rating. Truist retained a Buy rating but lowered its target to $300 from $310, and Stifel also cut its target. Truist adjusts price target
- Negative Sentiment: Fourth-quarter revenue guidance of approximately $3.85 billion came in slightly below Wall Street expectations. That cautious outlook overshadowed the earnings beat and raised concerns about near-term automotive and industrial demand. NXP falls after strong earnings
- Negative Sentiment: Broader semiconductor weakness, including concerns about the sustainability of AI investment and auto-chip demand, is adding pressure to NXPI’s valuation despite its longer-term data-center opportunity. Auto chip demand fears
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.
Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.
Read More
- Five stocks we like better than NXP Semiconductors
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
