Ashton Thomas Private Wealth LLC Purchases 22,064 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Ashton Thomas Private Wealth opened a new NXP Semiconductors position, buying 22,064 shares worth approximately $5.24 million in the third quarter. Institutional investors collectively own 90.54% of the company’s stock.
• NXP beat quarterly earnings and revenue expectations, reporting $4.20 in EPS and $3.79 billion in revenue; revenue rose 19.3% year over year. The board also approved a $5 billion share repurchase plan.
• Analysts have a “Moderate Buy” consensus rating and an average price target of $295.78. NXP’s quarterly dividend is $1.014 per share, equivalent to an annualized yield of about 1.6% at the price cited.

Ashton Thomas Private Wealth LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,064 shares of the semiconductor provider's stock, valued at approximately $5,241,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth about $26,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors during the second quarter worth about $28,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors during the second quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $29,000. Finally, Midwest Professional Planners LTD. acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $29,000. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $248.29 on Friday. The stock has a market cap of $62.58 billion, a price-to-earnings ratio of 19.52, a PEG 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 fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm's 50-day simple moving average is $236.09 and its 200 day simple moving average is $246.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping 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 analyst estimates of $3.76 billion. During the same period in the previous year, the company posted $3.11 EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

NXP Semiconductors declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to buy back $5 billion in outstanding shares. This buyback authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share buyback plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Citigroup decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, October 28th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. UBS Group downgraded NXP Semiconductors from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $305.00 to $270.00 in a report on Monday, August 3rd. Finally, Wall Street Zen downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average target price of $295.78.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors 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 owned 288 shares of the company's stock, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the completion of the transaction, the director owned 2,942 shares in the company, valued at $775,511.20. The trade was a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,755 shares of company stock worth $1,136,680. Insiders own 0.05% of the company's stock.

NXP Semiconductors Company 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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