State of Alaska Department of Revenue acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 23,889 shares of the semiconductor provider’s stock, valued at approximately $5,674,000.
Other hedge funds have also modified their holdings of the company. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $28,000. Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors in the 2nd quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth about $26,000. Finally, Triumph Capital Management acquired a new position in NXP Semiconductors in the 3rd quarter worth about $29,000. 90.54% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company’s stock, valued at $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. The trade was a 11.18% 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. Insiders own 0.05% of the company’s stock.
Analyst Ratings Changes
NXPI has been the topic of several research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. TD Cowen decreased their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a report on Monday, October 5th. Sixteen 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $304.91.
View Our Latest Analysis on NXP Semiconductors
NXP Semiconductors Price Performance
NASDAQ:NXPI traded down $1.76 during trading hours on Friday, hitting $229.33. 4,575,847 shares of the stock were exchanged, compared to its average volume of 3,314,961. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average price is $229.94 and its 200 day moving average price is $255.96. The company has a market cap of $57.83 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.78 and a beta of 1.80. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the business earned $2.72 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is 34.64%.
NXP Semiconductors Profile
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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