111,251 Shares of NXP Semiconductors N.V. $NXPI Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One acquired 111,251 NXP Semiconductors shares worth approximately $26.4 million during the third quarter. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP exceeded quarterly expectations, reporting $4.20 in earnings per share and $3.79 billion in revenue, with revenue up 19.3% year over year. The company also authorized a $5 billion share-repurchase program and pays a 1.5% dividend yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $295.78 price target, although some firms have lowered targets or cited a softer outlook for automotive-chip demand.

Asset Management One Co. Ltd. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 111,251 shares of the semiconductor provider's stock, valued at approximately $26,425,000.

A number of other hedge funds have also made changes to their positions in NXPI. Fortitude Family Office LLC acquired a new stake in NXP Semiconductors in the 3rd quarter worth approximately $26,000. Allied Private Wealth LLC bought a new stake in NXP Semiconductors during the second quarter worth approximately $28,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors during the second quarter valued at approximately $28,000. Bell Investment Advisors Inc acquired a new position in NXP Semiconductors during the second quarter valued at approximately $29,000. Finally, Midwest Professional Planners LTD. acquired a new position in NXP Semiconductors during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction 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 directly owned 7,942 shares of the company's stock, valued at $1,795,209.68. This represents a 11.18% decrease in their position. The sale 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 Christopher Jensen sold 3,355 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at $69,120. This represents 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. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Up 5.7%

Shares of NXPI stock opened at $266.00 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The firm has a market cap of $67.05 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80. The stock has a 50 day moving average of $232.24 and a 200-day moving average of $245.98. The company has a quick ratio of 1.36, a current ratio of 2.12 and a debt-to-equity ratio of 0.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.08. The company had revenue of $3.79 billion during 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%. NXP Semiconductors's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.11 earnings per share. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.77 EPS for the current year.

NXP Semiconductors declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This buyback authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The business also recently announced 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. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is presently 34.64%.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $338.00 to $313.00 and set an "overweight" rating for the company in a research note on Wednesday. Bank of America reaffirmed a "neutral" rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday. UBS Group downgraded shares of NXP Semiconductors from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $305.00 to $270.00 in a report on Monday, August 3rd. Finally, Wall Street Zen lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Sixteen 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $295.78.

Key NXP Semiconductors News

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Strong Q3 execution: NXP exceeded consensus expectations for revenue and adjusted EPS, supported by automotive and industrial demand. Automotive revenue surpassed $2 billion for the first time, while software-defined vehicles, industrial AI and data-center applications were highlighted as longer-term growth opportunities. NXP beats third-quarter estimates
• Positive Sentiment: $5 billion share repurchase: The board authorized an additional $5 billion stock-buyback program. The authorization signals management’s confidence in NXP’s valuation and could support earnings per share by reducing the share count. NXP to repurchase $5 billion in stock
• Positive Sentiment: Upside remains in some forecasts: Truist maintained a Buy rating with a $300 target, while Needham also maintained Buy at $300 and KeyCorp retained Overweight with a $330 target. These targets reflect expectations that automotive recovery and newer growth markets can offset near-term caution. Truist price target update
• Neutral Sentiment: Technical momentum improved: NXPI recently moved above its 200-day moving average, which may attract momentum-oriented investors, though technical signals do not resolve the company’s fundamental guidance concerns. NXP breaks above 200-day moving average
• Negative Sentiment: Soft Q4 outlook: Forecast revenue of approximately $3.85 billion was slightly below consensus, and cautious operating-profit guidance revived concerns about automotive-chip demand. This initially overshadowed the quarterly beat and contributed to volatility. NXP fourth-quarter guidance
• Negative Sentiment: Analyst disagreement: Wells Fargo reiterated Equal Weight with a $245 target, while Stifel cut its target to $250 and kept a Hold rating. The reductions indicate that some analysts believe the recent rally already reflects much of NXP’s recovery potential. Wells Fargo rating

NXP Semiconductors 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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