Citizens Financial Group Inc. RI Purchases 10,993 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Citizens Financial Group acquired 10,993 shares of NXP Semiconductors during the third quarter, valued at approximately $2.62 million. Institutional investors collectively own 90.54% of NXPI’s outstanding shares.
• NXP reported quarterly earnings of $3.61 per share, exceeding analyst expectations, while revenue reached $3.50 billion—up 19.5% year over year. The company also pays an annualized dividend of $4.06 per share, yielding approximately 1.6%.
• Analysts maintain a consensus rating of “Moderate Buy”, with an average price target of $302.30 versus the stock’s reported price of $245.83. Recent targets range from $270 to $338, reflecting generally positive but mixed views.

Citizens Financial Group Inc. RI acquired 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 & Exchange Commission. The fund acquired 10,993 shares of the semiconductor provider's stock, valued at approximately $2,620,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC bought a new position in NXP Semiconductors in the 3rd quarter worth $26,000. Allied Private Wealth LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors during the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors in the 2nd quarter worth $29,000. Finally, Midwest Professional Planners LTD. bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXPI stock opened at $245.83 on Tuesday. The business's fifty day moving average is $230.34 and its 200-day moving average is $245.72. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $61.99 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. 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 released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.72 earnings per share. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid 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 payout ratio is presently 34.64%.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. UBS Group restated a "neutral" rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. TD Cowen cut their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a "buy" rating for the company in a report on Monday, October 19th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of NXP Semiconductors in a report on Monday. Finally, Oppenheimer increased their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $302.30.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction 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 approximately $69,120. The trade was 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 currently owned by insiders.

About NXP Semiconductors

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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