13,682 Shares in NXP Semiconductors N.V. $NXPI Purchased by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors purchased 13,682 shares of NXP Semiconductors in the third quarter, valued at approximately $3.26 million. Institutional investors own 90.54% of NXPI’s outstanding shares.
• Analysts maintain a generally positive outlook, with 16 Buy, nine Hold, and one Sell rating; the consensus is Moderate Buy with an average price target of $302.30.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding estimates, while revenue increased 19.5% year over year. The company also pays a quarterly dividend of $1.014 per share, representing a 1.7% annual yield.

Nisa Investment Advisors LLC bought a new stake in 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 & Exchange Commission. The fund bought 13,682 shares of the semiconductor provider's stock, valued at approximately $3,264,000.

Several other large investors have also modified their holdings of NXPI. Farther Finance Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter worth $1,126,000. Ieq Capital LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $1,208,000. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $6,716,412,000. The Manufacturers Life Insurance Company acquired a new position in shares of NXP Semiconductors during the second quarter worth about $36,657,000. Finally, Private Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 203.6% during the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock worth $2,097,000 after acquiring an additional 7,144 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a report on Monday, October 5th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Finally, Susquehanna boosted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $302.30.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $234.92 on Friday. The firm has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a PEG ratio of 0.80 and a beta of 1.80. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company's fifty day moving average is $230.20 and its two-hundred day moving average is $257.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.72 EPS. Analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. 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 transaction of $805,200.00. Following the sale, 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. 0.05% of the stock is currently owned by insiders.

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.

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