36,509 Shares of NXP Semiconductors N.V. $NXPI Bought by Telos Capital Management Inc.

Key Points

• Telos Capital Management initiated a position in NXP Semiconductors, buying 36,509 shares worth approximately $8.67 million in the third quarter. Institutional investors collectively own 90.54% of the stock.
• NXP beat quarterly earnings and revenue estimates, with revenue rising 19.3% year over year. The company also authorized a $5 billion share repurchase plan and pays an annualized dividend of $4.06 per share.
• Analysts’ consensus rating is “Moderate Buy,” with a $295.78 average price target; the shares were reported down 7.8% and opened at $244.43.

Telos Capital Management Inc. purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,509 shares of the semiconductor provider's stock, valued at approximately $8,672,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. QTR Family Wealth LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at approximately $269,000. Commonwealth Equity Services LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at $7,276,000. Pathway Financial Advisers LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $60,000. Costello Asset Management INC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $190,000. Finally, Boston Trust Walden Corp purchased a new position in shares of NXP Semiconductors in the third quarter worth approximately $12,046,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Activity

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of the business'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 of the company's stock, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was 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 of the company's stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NXPI. TD Cowen boosted their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, October 28th. Bank of America reaffirmed a "neutral" rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Truist Financial dropped their price target on NXP Semiconductors from $310.00 to $300.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. Finally, Mizuho reduced their price objective on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $295.78.

NXP Semiconductors Trading Down 7.8%

Shares of NASDAQ:NXPI opened at $244.43 on Friday. The firm has a fifty day moving average of $235.65 and a two-hundred day moving average of $246.45. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm has a market capitalization of $61.61 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. NXP Semiconductors's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $3.11 earnings per share. On average, equities analysts expect 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 stock repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in outstanding shares. This buyback authorization authorizes the semiconductor provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is 31.84%.

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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