108,408 Shares of NXP Semiconductors N.V. $NXPI Bought by Trillium Asset Management LLC

Key Points

• Trillium Asset Management opened a position in NXP Semiconductors, buying 108,408 shares valued at approximately $25.8 million. Institutional investors and hedge funds collectively own 90.54% of the stock.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $295.78; recent firms issued a mix of Buy and Hold ratings and some lowered their targets.
• NXP reported quarterly earnings of $4.20 per share and revenue of $3.79 billion, both above estimates, and authorized a $5 billion share-repurchase plan.

Trillium Asset Management LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,408 shares of the semiconductor provider's stock, valued at approximately $25,751,000.

Several other institutional investors have also recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors in the 2nd quarter valued at about $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth approximately $26,000. Finally, Balance Wealth Partners LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth approximately $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 1,643 shares of the firm's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $266.49, for a total value of $437,843.07. Following the transaction, the executive vice president owned 4,064 shares of the company's stock, valued at $1,083,015.36. This trade represents a 28.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president owned 288 shares of the company's stock, valued at approximately $69,120. The trade was 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. Insiders have sold 6,398 shares of company stock worth $1,574,523 in the last ninety days. Insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Thursday, October 29th. Stifel Nicolaus reduced 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 report on Wednesday, October 28th. Wall Street Zen downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Jefferies Financial Group lowered their target price on NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Finally, Citigroup dropped their target price on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $295.78.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $2.20 on Friday, hitting $265.09. 4,320,601 shares of the stock traded hands, compared to its average volume of 5,620,579. The company's fifty day moving average is $240.01 and its 200 day moving average is $247.33. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market capitalization of $66.82 billion, a PE ratio of 20.84, a PEG ratio of 0.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $3.11 earnings per share. The firm's revenue was up 19.3% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors declared that its board has initiated a share buyback plan on Tuesday, October 27th that authorizes the company to repurchase $5 billion in outstanding shares. This buyback authorization authorizes the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors's dividend payout ratio is 31.92%.

About NXP Semiconductors

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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