4,514 Shares in NXP Semiconductors N.V. $NXPI Purchased by Choreo LLC

Key Points

• Choreo LLC acquired a new 4,514-share stake in NXP Semiconductors during the third quarter, valued at approximately $1.07 million.
• NXP reported quarterly earnings of $4.20 per share and revenue of $3.79 billion, both above analyst expectations; revenue rose 19.3% year over year. Its board also authorized a $5 billion share repurchase plan.
• Institutional investors and hedge funds own 90.54% of NXP shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $295.78.

Choreo LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,514 shares of the semiconductor provider's stock, valued at approximately $1,072,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $6,716,412,000. State Street Corp lifted its stake in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock valued at $3,298,932,000 after purchasing an additional 702,099 shares during the last quarter. Bank of America Corp DE acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $1,169,846,000. Van ECK Associates Corp acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $1,167,458,000. Finally, Jupiter Topco LLC bought a new position in NXP Semiconductors during the second quarter worth about $742,385,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 2.2%

Shares of NXPI stock opened at $262.79 on Wednesday. The firm has a 50 day moving average price of $234.42 and a two-hundred day moving average price of $246.29. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $66.24 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 EPS for the quarter, beating the consensus estimate of $4.12 by $0.08. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.11 earnings per share. As a group, analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors's dividend payout ratio (DPR) is currently 31.92%.

Insiders Place Their Bets

In other news, EVP Christopher Jensen sold 3,355 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 288 shares of the company's stock, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the transaction, 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. 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. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on NXPI shares. Morgan Stanley lowered their price target on NXP Semiconductors from $338.00 to $313.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $265.00 to $250.00 and set a "hold" rating on the stock in a report on Wednesday, October 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of NXP Semiconductors in a research note on Monday, October 26th. Evercore reaffirmed an "outperform" rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, KeyCorp reduced their price objective on shares of NXP Semiconductors from $345.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued 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 $295.78.

About NXP Semiconductors

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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