368,381 Shares of NXP Semiconductors N.V. $NXPI Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management purchased 368,381 NXP Semiconductors shares worth approximately $87.5 million, while institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $302.30; however, some firms have retained neutral or cautious views.
• NXP exceeded quarterly expectations with $3.61 in earnings per share and $3.50 billion in revenue, up 19.5% year over year, and pays an annualized dividend of $4.06 per share, yielding about 1.7%.

Robeco Institutional Asset Management B.V. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 368,381 shares of the semiconductor provider's stock, valued at approximately $87,502,000. Robeco Institutional Asset Management B.V. owned approximately 0.15% of NXP Semiconductors as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. Diversify Advisory Services LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $594,000. DUTCH ASSET Corp purchased a new position in NXP Semiconductors in the 3rd quarter valued at approximately $287,000. 55 North Private Wealth LLC purchased a new position in NXP Semiconductors in the 3rd quarter valued at approximately $240,000. Net Worth Advisory Group acquired a new position in shares of NXP Semiconductors in the third quarter worth $597,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of NXP Semiconductors in the third quarter worth $8,302,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXPI. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Bank of America reiterated a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.30.

NXP Semiconductors Stock Up 2.0%

Shares of NXP Semiconductors stock opened at $242.36 on Thursday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a 50 day moving average of $230.08 and a 200 day moving average of $257.31. 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 market capitalization of $61.11 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.81 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the business posted $2.72 EPS. The firm's revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's payout ratio is 34.56%.

More NXP Semiconductors News

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 Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company's stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% 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 currently owned by insiders.

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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