101,215 Shares in NXP Semiconductors N.V. $NXPI Bought by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 101,215 NXP Semiconductors shares worth approximately $24 million, while several other institutional investors also initiated positions. Institutions now own 90.54% of NXPI’s outstanding stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $302.30, despite some recent target reductions and a downgrade to “Hold.”
• NXP reported quarterly revenue of $3.50 billion and EPS of $3.61, exceeding estimates, while revenue grew 19.5% year over year. The company also pays a quarterly dividend of $1.014 per share, representing a 1.7% yield.

Robeco Schweiz AG acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 101,215 shares of the semiconductor provider's stock, valued at approximately $24,042,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at $830,000. BG Investment Services LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth $2,745,000. Citizens Financial Group Inc. RI purchased a new stake in NXP Semiconductors in the 3rd quarter worth $2,620,000. Sowell Financial Services LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth $1,520,000. Finally, Evergreen Capital Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth $632,000. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher Jensen sold 3,355 shares of the firm'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 directly owned 288 shares of the company's stock, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 15th. The stock was 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on NXPI. TD Cowen lowered their price objective on NXP Semiconductors from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, October 19th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Bank of America reissued a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer upped their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Wall Street Zen lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.30.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $234.92 on Friday. 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 company has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.80 and a beta of 1.80. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The business's 50-day moving average is $230.20 and its 200 day moving average is $257.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping 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 business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the company posted $2.72 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's dividend payout ratio is 34.56%.

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.

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