11,556 Shares of NXP Semiconductors N.V. $NXPI Bought by BG Investment Services LLC

Key Points

• BG Investment Services purchased 11,556 shares of NXP Semiconductors in the third quarter, valued at approximately $2.75 million. Institutional investors and hedge funds collectively own 90.54% of NXPI’s shares.
• NXP reported quarterly revenue of $3.50 billion and earnings of $3.61 per share, exceeding analyst estimates, while revenue increased 19.5% year over year.
• Shares recently traded at $234.92, and analysts maintain a “Moderate Buy” consensus with an average price target of $302.30. The company also pays a quarterly dividend equivalent to a 1.7% annual yield.

BG Investment Services LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 11,556 shares of the semiconductor provider's stock, valued at approximately $2,745,000.

Several other institutional investors have also made changes to their positions in NXPI. Farther Finance Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth $1,126,000. Ieq Capital LLC bought a new position in NXP Semiconductors during the second quarter valued at about $1,208,000. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter worth about $6,716,412,000. Private Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 203.6% in the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock worth $2,097,000 after buying an additional 7,144 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $36,657,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.2%

Shares of NASDAQ:NXPI opened at $234.92 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock's 50-day moving average is $230.20 and its 200-day moving average is $257.46. The company has a market cap 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 52-week low of $183.00 and a 52-week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share 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 business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the firm earned $2.72 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued 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 dividend yield of 1.7%. NXP Semiconductors's payout ratio is 34.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Mizuho decreased their target price on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research report on Wednesday, July 29th. Finally, Susquehanna increased their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Sixteen research 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $302.30.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the business'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 transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. 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 insiders.

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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