Boston Trust Walden Corp Makes New Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Boston Trust Walden opened a position in NXP Semiconductors during the third quarter, buying 50,713 shares valued at about $12.0 million. Institutional investors collectively own 90.54% of the stock.
• NXP reported quarterly EPS of $4.20, topping estimates of $4.12, while revenue rose 19.3% year over year to $3.79 billion. The company also authorized a $5 billion share-repurchase plan and pays an annualized dividend of $4.06 per share.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $295.78; the shares opened at $244.43 in the article’s cited session.

Boston Trust Walden Corp purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,713 shares of the semiconductor provider's stock, valued at approximately $12,046,000.

Other large investors have also recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in NXP Semiconductors in the third quarter worth about $26,000. Finally, Balance Wealth Partners LLC acquired a new position in NXP Semiconductors in the third quarter worth about $29,000. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares in the company, valued at $69,120. This trade represents 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. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Down 7.8%

Shares of NXP Semiconductors stock opened at $244.43 on Friday. 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 business's 50 day simple moving average is $235.65 and its 200-day simple moving average is $246.45. The stock has a market capitalization of $61.61 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.90 and a beta of 1.83. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.08. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the company earned $3.11 earnings per share. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

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

NXP Semiconductors Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is 31.92%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NXPI. Mizuho dropped their price target on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $400.00 price objective on shares of NXP Semiconductors in a report on Monday, October 26th. UBS Group downgraded shares of NXP Semiconductors from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $305.00 to $270.00 in a report on Monday, August 3rd. Citigroup lowered their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, October 28th. Finally, Morgan Stanley dropped their target price 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. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $295.78.

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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