219,996 Shares in NXP Semiconductors N.V. $NXPI Bought by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama opened a position in NXP Semiconductors, buying 219,996 shares valued at approximately $52.3 million, or about 0.09% of the company.
• NXP beat quarterly earnings and revenue estimates, posting EPS of $4.20 and revenue of $3.79 billion; revenue rose 19.3% year over year.
• The board approved a $5 billion share-repurchase plan. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $295.78.

Retirement Systems of Alabama bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 219,996 shares of the semiconductor provider's stock, valued at approximately $52,256,000. Retirement Systems of Alabama owned approximately 0.09% of NXP Semiconductors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. Howard Financial Services LTD. increased its holdings in shares of NXP Semiconductors by 2.9% in the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock worth $412,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC raised its position in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock worth $1,787,000 after buying an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after buying an additional 69 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of NXP Semiconductors stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company's stock, 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. Insiders have sold 4,755 shares of company stock worth $1,136,680 over the last 90 days. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock opened at $261.56 on Wednesday. The firm has a 50 day simple moving average of $237.49 and a two-hundred day simple moving average of $246.78. The stock has a market cap of $65.93 billion, a PE ratio of 20.56, a P/E/G ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. 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 posted its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the company posted $3.11 EPS. The business's quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that allows the company to buy back $5 billion in shares. This buyback authorization allows the semiconductor provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given 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 yield of 1.6%. NXP Semiconductors's dividend payout ratio (DPR) is presently 31.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NXPI shares. Evercore reissued an "outperform" rating on shares of NXP Semiconductors in a research note on Wednesday, October 28th. TD Cowen upped their target price on NXP Semiconductors from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, October 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, October 26th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $265.00 to $250.00 and set a "hold" rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Thursday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $295.78.

NXP Semiconductors Company 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.

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