6,401 Shares of NXP Semiconductors N.V. $NXPI Bought by Sowell Financial Services LLC

Key Points

• Sowell Financial Services acquired 6,401 shares of NXP Semiconductors in the third quarter, valued at approximately $1.52 million. Institutional investors collectively own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst estimates, while revenue increased 19.5% year over year.
• The company pays a quarterly dividend of $1.014 per share, representing a 1.7% yield. Analysts give NXPI a “Moderate Buy” consensus rating with an average price target of $302.30, above its reported share price of $234.92.

Sowell Financial Services LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,401 shares of the semiconductor provider's stock, valued at approximately $1,520,000.

A number of other institutional investors also recently made changes to their positions in NXPI. Gamco Investors INC. ET AL increased its stake in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after purchasing an additional 45 shares during the period. Howard Financial Services LTD. lifted its holdings in NXP Semiconductors by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock worth $412,000 after purchasing an additional 49 shares during the last quarter. Ballast Advisors LLC boosted its stake in NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after purchasing an additional 61 shares during the period. Chicago Partners Investment Group LLC boosted its stake in NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock valued at $236,000 after purchasing an additional 69 shares during the period. Finally, Fulton Bank N.A. boosted its stake in NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock valued at $850,000 after purchasing an additional 84 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 1.2%

Shares of NXPI stock opened at $234.92 on Friday. The stock has a market cap of $59.24 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $230.20 and a 200 day simple moving average of $257.46.

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

NXP Semiconductors Dividend Announcement

The business 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. 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 dividend payout ratio is 34.64%.

Insiders Place Their Bets

In related news, EVP Christopher L. 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares of the company's stock, valued at $1,795,209.68. This 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NXPI. Susquehanna increased their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Stifel Nicolaus dropped their target price on NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a report on Monday, October 5th. UBS Group reissued a "neutral" rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $302.30.

NXP Semiconductors 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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