4,667 Shares in NXP Semiconductors N.V. $NXPI Purchased by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners purchased 4,667 shares of NXP Semiconductors worth approximately $1.1 million, while institutional investors collectively own 90.54% of the company.
• NXP reported quarterly revenue of $3.50 billion and earnings of $3.61 per share, exceeding analyst expectations; revenue increased 19.5% year over year.
• Analysts maintain a generally positive outlook, with the stock rated “Moderate Buy” and an average price target of $304.91, compared with a recent trading price of $226.95. The company also pays an annualized dividend of $4.06 per share.

Curated Wealth Partners LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,667 shares of the semiconductor provider's stock, valued at approximately $1,109,000.

Other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in NXP Semiconductors in the second quarter valued at about $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors in the second quarter valued at about $6,716,412,000. Private Wealth Partners LLC raised its stake in NXP Semiconductors by 203.6% during the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock worth $2,097,000 after acquiring an additional 7,144 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in NXP Semiconductors during the second quarter worth about $36,657,000. Finally, Pure Financial Advisors LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at approximately $695,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 2.8%

NASDAQ NXPI traded up $6.12 during trading hours on Thursday, reaching $226.95. The company's stock had a trading volume of 1,951,183 shares, compared to its average volume of 3,517,593. The firm has a fifty day simple moving average of $230.17 and a 200-day simple moving average of $255.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $57.23 billion, a P/E ratio of 19.34, a P/E/G ratio of 0.77 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the firm posted $2.72 EPS. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred 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 completion of the sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on NXPI shares. Citigroup restated a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. TD Cowen lowered their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Mizuho dropped their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $304.91.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.