142,811 Shares of NXP Semiconductors N.V. $NXPI Bought by Confluence Investment Management LLC

Key Points

• Confluence Investment Management initiated a position in NXP Semiconductors by purchasing 142,811 shares valued at approximately $33.9 million, representing about 0.06% of the company. Institutional investors collectively own 90.54% of NXPI.
• Analyst sentiment remains positive overall, with 16 Buy, nine Hold, and one Sell rating; MarketBeat reports a consensus “Moderate Buy” rating and a target price of $305.65.
• NXP exceeded quarterly expectations with $3.61 in EPS and $3.50 billion in revenue, while revenue rose 19.5% year over year. The company also declared a quarterly dividend of $1.014 per share, equivalent to a 1.7% annual yield.

Confluence Investment Management LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 142,811 shares of the semiconductor provider's stock, valued at approximately $33,922,000. Confluence Investment Management LLC owned approximately 0.06% of NXP Semiconductors as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Bell Investment Advisors Inc bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $29,000. Fiduciary Financial Advisors bought a new position in NXP Semiconductors during the second quarter worth $28,000. Pingora Partners LLC acquired a new position in NXP Semiconductors in the second quarter worth $35,000. Finally, SHP Wealth Management acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. Mizuho reduced their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a report on Wednesday, July 29th. Oppenheimer increased their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Finally, Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.65.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated 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 directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NXPI stock traded down $0.63 during midday trading on Thursday, hitting $236.90. The stock had a trading volume of 544,307 shares, compared to its average volume of 3,547,490. The stock has a 50-day simple moving average of $233.09 and a 200 day simple moving average of $253.07. The firm has a market capitalization of $59.74 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 0.80 and a beta of 1.81. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

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 (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.72 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.0140 per share. The ex-dividend date is 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 presently 34.64%.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

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