ARGA Investment Management LP Acquires New Shares in NXP Semiconductors N.V. $NXPI

ARGA Investment Management LP acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,151 shares of the semiconductor provider's stock, valued at approximately $22,601,000. NXP Semiconductors makes up 0.6% of ARGA Investment Management LP's portfolio, making the stock its 29th largest holding.

Several other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in NXP Semiconductors in the 3rd quarter valued at about $1,126,000. Ieq Capital LLC purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $1,208,000. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $6,716,412,000. The Manufacturers Life Insurance Company acquired a new position in shares of NXP Semiconductors in the second quarter worth about $36,657,000. Finally, Pure Financial Advisors LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth about $695,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 3,355 shares of the company'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 transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. The trade was 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. Company insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NXPI shares. Oppenheimer upped their target price on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. TD Cowen raised their price target on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, October 28th. Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Thursday, October 29th. Morgan Stanley cut their price target on shares of NXP Semiconductors from $338.00 to $313.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, October 26th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $295.78.

NXP Semiconductors Trading Up 2.2%

NASDAQ NXPI opened at $262.79 on Wednesday. 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 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $66.24 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. The firm's fifty day simple moving average is $234.42 and its 200-day simple moving average is $246.29.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the firm earned $3.11 earnings per share. The business's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors announced that its board has authorized a share buyback program on Tuesday, October 27th that allows the company to repurchase $5 billion in shares. This buyback authorization allows the semiconductor provider to reacquire shares of its stock through open market purchases. Share buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is currently 31.92%.

NXP Semiconductors Company 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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