Calamos Advisors LLC Purchases New Stake in NXP Semiconductors N.V. $NXPI

Key Points

• Calamos Advisors initiated a position in NXP Semiconductors, buying 92,224 shares worth about $21.9 million in the third quarter. Institutional investors collectively own 90.54% of the stock.
• NXP reported quarterly earnings of $4.20 per share and revenue of $3.79 billion, beating analyst estimates; revenue rose 19.3% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $295.78.
• The company authorized a $5 billion stock repurchase plan and pays an annualized dividend of $4.06 per share, a yield of about 1.6% at the article’s stated share price.

Calamos Advisors LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 92,224 shares of the semiconductor provider's stock, valued at approximately $21,906,000.

Several other institutional investors also recently bought and sold shares of NXPI. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. Bell Investment Advisors Inc acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at $29,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at $26,000. Finally, Balance Wealth Partners LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore reiterated an "outperform" rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Mizuho reduced their price objective on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Susquehanna increased their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Finally, Citigroup dropped their target price on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, October 28th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $295.78.

NXP Semiconductors Price Performance

NXPI opened at $248.29 on Friday. The company has a fifty day simple moving average of $236.09 and a 200 day simple moving average of $246.54. The firm 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. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month 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.

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. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.11 EPS. Equities research analysts expect that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's payout ratio is presently 31.92%.

NXP Semiconductors announced that its board has initiated a stock repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in shares. This repurchase authorization authorizes the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at NXP Semiconductors

In related news, Director Anthony Foxx sold 400 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the transaction, the director owned 2,942 shares in the company, valued at approximately $775,511.20. The trade was a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares of the company's stock, valued at $69,120. This represents a 92.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 4,755 shares of company stock valued at $1,136,680. 0.05% of the stock is currently owned by insiders.

About NXP Semiconductors

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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