4,740 Shares in NXP Semiconductors N.V. $NXPI Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC acquired 4,740 NXP Semiconductors shares worth approximately $1.13 million in the third quarter. Institutional investors collectively own 90.54% of NXPI.
• NXP reported quarterly revenue of $3.50 billion and adjusted earnings of $3.61 per share, exceeding analyst expectations; revenue increased 19.5% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $304.91, while NXP pays a quarterly dividend of $1.014, representing a 1.8% annual yield.

Farther Finance Advisors LLC acquired 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 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,740 shares of the semiconductor provider's stock, valued at approximately $1,126,000.

A number of other large investors have also recently made changes to their positions in NXPI. Gamco Investors INC. ET AL increased its stake in 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 buying an additional 45 shares during the last quarter. Ballast Advisors LLC grew its holdings in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after acquiring an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock valued at $236,000 after acquiring an additional 69 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of NXP Semiconductors by 2.0% in the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock valued at $850,000 after acquiring an additional 84 shares in the last quarter. Finally, RFG Advisory LLC increased its position in shares of NXP Semiconductors by 3.0% during the first quarter. RFG Advisory LLC now owns 3,060 shares of the semiconductor provider's stock valued at $602,000 after acquiring an additional 90 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 0.8%

NXP Semiconductors stock opened at $229.33 on Friday. The firm has a 50 day moving average price of $229.94 and a 200-day moving average price of $255.96. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a market capitalization of $57.83 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.78 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 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 company had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. NXP Semiconductors's revenue was up 19.5% on a year-over-year basis. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

Analysts Set New Price Targets

A number of analysts recently commented on NXPI shares. UBS Group reiterated a "neutral" rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. TD Cowen reduced their price objective on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Susquehanna raised their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Finally, Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $304.91.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's 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 sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the business's 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 sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% 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. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Profile

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.

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