34,953 Shares of NXP Semiconductors N.V. $NXPI Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management acquired 34,953 NXP Semiconductors shares worth approximately $8.3 million, while institutional investors collectively own 90.54% of the company.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst expectations, and revenue increased 19.5% year over year. The company also pays an annualized dividend of $4.06 per share, yielding about 1.7%.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $302.30 price target, although some firms recently lowered targets. Two executives also sold shares under pre-arranged Rule 10b5-1 trading plans.

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,953 shares of the semiconductor provider's stock, valued at approximately $8,302,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NXPI. Gamco Investors INC. ET AL raised its holdings in shares of NXP Semiconductors by 2.0% in 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. lifted its position in shares of NXP Semiconductors by 2.9% in the 3rd 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 boosted its stake in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after purchasing an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock valued at $236,000 after purchasing an additional 69 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of NXP Semiconductors by 2.0% during the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock valued at $850,000 after purchasing an additional 84 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $242.36 on Thursday. The firm has a market capitalization of $61.11 billion, a P/E ratio of 20.68, a PEG ratio of 0.81 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $230.08 and a 200 day moving average price of $257.31. 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 released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during 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%. NXP Semiconductors's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business earned $2.72 EPS. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company 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 was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is 34.56%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating on the stock in a report on Monday, October 5th. Bank of America restated a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Oppenheimer increased their target price on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. 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 MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $302.30.

Key Headlines Impacting NXP Semiconductors

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here's Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company's 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 directly owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Company 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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