9,443 Shares in NXP Semiconductors N.V. $NXPI Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,443 shares of the semiconductor provider's stock, valued at approximately $2,218,000.

Other institutional investors have also added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors in the second quarter worth $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $29,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in shares of NXP Semiconductors during the third quarter valued at $26,000. Finally, Balance Wealth Partners LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth about $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company's stock, valued at approximately $775,511.20. This represents a 11.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,755 shares of company stock worth $1,136,680 in the last quarter. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Up 1.6%

NXP Semiconductors stock opened at $248.29 on Friday. The stock has a market cap of $62.58 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock has a fifty day moving average of $236.09 and a 200 day moving average of $246.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates 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%. NXP Semiconductors's revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 earnings per share. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the semiconductor provider to reacquire shares of its stock through open market purchases. Share buyback plans are usually an indication that the company's management believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is 31.92%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. KeyCorp lowered their target price on shares of NXP Semiconductors from $345.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Mizuho reduced their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research note on Wednesday, July 29th. Evercore reissued an "outperform" rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a report on Monday, October 26th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $295.78.

NXP Semiconductors Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips' semiconductor business, which became an independent company in 2006.

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