17,442 Shares in NXP Semiconductors N.V. $NXPI Bought by 180 Wealth Advisors LLC

Key Points

• 180 Wealth Advisors initiated a position in NXP Semiconductors, buying 17,442 shares valued at approximately $4.14 million in the third quarter. Institutional investors collectively own 90.54% of the company’s stock.
• NXP beat quarterly earnings and revenue estimates, reporting EPS of $4.20 and revenue of $3.79 billion; revenue rose 19.3% year over year. The board also authorized a $5 billion share repurchase program.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $295.78. Recent insider sales totaled 4,755 shares worth about $1.14 million over three months.

180 Wealth Advisors LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,442 shares of the semiconductor provider's stock, valued at approximately $4,143,000.

A number of other institutional investors have also added to or reduced their stakes in NXPI. Kornitzer Capital Management Inc. KS purchased a new stake in shares of NXP Semiconductors in the third quarter worth $1,700,000. Axiom Investment Management LLC bought a new position in NXP Semiconductors in the 3rd quarter worth about $38,000. Asset Dedication LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $187,000. Waycross Partners LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $42,473,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $5,241,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The transaction 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, Director Anthony R. Foxx sold 400 shares of NXP Semiconductors stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the completion of the sale, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This trade represents a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,755 shares of company stock worth $1,136,680. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Citigroup lowered their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Truist Financial dropped their price objective on shares of NXP Semiconductors from $310.00 to $300.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Finally, Susquehanna upped their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Sixteen equities 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 data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $295.78.

NXP Semiconductors Trading Up 1.6%

Shares of NXPI stock opened at $248.29 on Friday. The stock has a market capitalization of $62.58 billion, a PE ratio of 19.52, a P/E/G ratio of 0.84 and a beta of 1.83. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The business has a 50-day moving average of $236.09 and a 200 day moving average of $246.54. 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 announced its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion for 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%. The business's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.11 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors declared that its board has authorized a share repurchase program on Tuesday, October 27th that permits the company to buy back $5 billion in outstanding shares. This buyback authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. NXP Semiconductors's dividend payout ratio (DPR) is presently 31.92%.

NXP Semiconductors Profile

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.

The company traces its origins to Philips' semiconductor business, which became an independent company in 2006.

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