Eurizon Capital SGR S.p.A. bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 779,462 shares of the semiconductor provider’s stock, valued at approximately $185,059,000.
A number of other hedge funds have also made changes to their positions in NXPI. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors in the second quarter valued at $29,000. Fiduciary Financial Advisors bought a new position in NXP Semiconductors during the 2nd quarter valued at $28,000. Fortitude Family Office LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at $26,000. Finally, Balance Wealth Partners LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
NXPI stock opened at $267.29 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The firm has a market cap of $67.37 billion, a P/E ratio of 21.01, a P/E/G ratio of 0.91 and a beta of 1.83. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The stock’s 50 day simple moving average is $239.21 and its 200 day simple moving average is $247.15.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business posted $3.11 earnings per share. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current year.
NXP Semiconductors declared that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that allows the company to buy back $5 billion in outstanding shares. This repurchase authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
NXP Semiconductors Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 31.92%.
Insiders Place Their Bets
In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value 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. The trade was a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company’s stock, valued at approximately $775,511.20. This represents a 11.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,755 shares of company stock valued at $1,136,680. Company insiders own 0.05% of the company’s stock.
Analysts Set New Price Targets
NXPI has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating for the company in a report 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 on the stock in a research note on Wednesday, October 28th. Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Mizuho reduced their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Truist Financial decreased their price target on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.
View Our Latest Report on NXPI
NXP Semiconductors Company Profile
NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.
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