7,022 Shares in NXP Semiconductors N.V. $NXPI Bought by Howard Capital Management LLC

Key Points

• Howard Capital Management initiated a position in NXP Semiconductors, buying 7,022 shares valued at approximately $1.67 million. Institutional investors collectively own 90.54% of NXPI.
• NXP’s latest quarterly results exceeded expectations, with earnings of $3.61 per share and revenue of $3.50 billion—up 19.5% year over year. The company also pays a quarterly dividend of $1.014, yielding about 1.8% annually.
• NXPI recently traded near $229, well below its 52-week high of $339.95. Analysts maintain a “Moderate Buy” consensus, with an average price target of $304.91, although some firms have recently lowered their targets or downgraded the stock.

Howard Capital Management LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,022 shares of the semiconductor provider's stock, valued at approximately $1,668,000.

A number of other large investors have also made changes to their positions in NXPI. Gamco Investors INC. ET AL lifted its position in 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 buying an additional 45 shares in the last quarter. Howard Financial Services LTD. boosted its stake in NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock worth $412,000 after buying an additional 49 shares during the last quarter. Ballast Advisors LLC grew its holdings 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 buying an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings 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 buying an additional 69 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings 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 buying an additional 84 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm'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 completion of the sale, the executive vice president directly owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm'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 sale, 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. 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. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Down 0.8%

NXPI stock opened at $229.33 on Friday. The firm has a market cap of $57.83 billion, a PE ratio of 19.57, a PEG ratio of 0.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm's 50 day moving average price is $229.94 and its 200-day moving average price is $255.96. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during 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 firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is 34.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on NXPI shares. Wall Street Zen downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company lowered their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Cantor Fitzgerald reissued an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a report on Monday, October 5th. Finally, Susquehanna upped their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Sixteen equities research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $304.91.

NXP Semiconductors Company 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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