Private Wealth Partners LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,883 shares of the semiconductor provider’s stock, valued at approximately $922,000.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $6,716,412,000. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors during the second quarter worth approximately $21,099,000. Bank of America Corp DE bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $1,169,846,000. Van ECK Associates Corp bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $1,167,458,000. Finally, Jupiter Topco LLC bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $742,385,000. 90.54% of the stock is currently owned by institutional investors.
Insider Transactions at NXP Semiconductors
In other news, EVP Christopher L. 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 sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 that occurred on 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 sale, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. 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 owned by company insiders.
Analyst Upgrades and Downgrades
NXPI has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Mizuho reduced their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company decreased their price target on shares of NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $302.30.
Get Our Latest Research Report on NXP Semiconductors
NXP Semiconductors Stock Performance
NXPI stock traded down $2.87 during midday trading on Friday, hitting $234.92. The stock had a trading volume of 3,271,636 shares, compared to its average volume of 3,290,400. The firm has a market capitalization of $59.24 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 0.81 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. The stock has a 50-day simple moving average of $230.20 and a 200 day simple moving average of $257.46. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly earnings data 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. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the company posted $2.72 EPS. The business’s revenue 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 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.64%.
About NXP Semiconductors
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.
Recommended Stories
- Five stocks we like better than NXP Semiconductors
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
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.
