Crossmark Global Holdings Inc. Buys New Position in NXP Semiconductors N.V. $NXPI

Key Points

• Crossmark Global Holdings initiated a position of 50,071 NXP Semiconductors shares in the third quarter, valued at approximately $11.9 million. Institutional investors collectively own 90.54% of NXPI’s outstanding stock.
• NXP shares opened at $237.79, with the stock down 1.9%; the company has a market capitalization of roughly $60 billion and trades at a P/E ratio of 20.86.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $302.30, although several firms recently lowered their targets. The company’s latest quarterly results beat estimates, with $3.61 in EPS and $3.50 billion in revenue.

Crossmark Global Holdings Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,071 shares of the semiconductor provider's stock, valued at approximately $11,893,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth $6,716,412,000. State Street Corp raised its holdings in shares of NXP Semiconductors by 6.4% in the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock valued at $3,298,932,000 after purchasing an additional 702,099 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $21,099,000. Bank of America Corp DE purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp bought a new position in shares of NXP Semiconductors during the second quarter valued at about $1,167,458,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NXP Semiconductors

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Investors are expecting higher earnings and revenue when NXP reports third-quarter results, supported by demand across automotive, industrial and Internet-of-Things markets. The company’s favorable analyst ranking and relatively modest P/E multiple could also support the shares if results and guidance meet expectations. How Investors May Respond To NXP Stock Ahead Of Earnings Growth Expectations
• Positive Sentiment: NXP attracted approximately $94.1 million in net exchange-traded-fund purchases on October 20, indicating continued institutional or passive-investment demand for the stock. NXP Semiconductors Sees $94.1 Million in Net ETF Buying
• Positive Sentiment: NXP recently outperformed the broader market and semiconductor peers, reflecting optimism that improving chip demand may translate into stronger results. NXP Semiconductors Laps the Stock Market: Here's Why
• Neutral Sentiment: Wall Street is closely focused on third-quarter estimates and operating metrics, making the upcoming report and management outlook the key near-term catalysts for NXPI. Gear Up for NXP Q3 Earnings: Wall Street Estimates for Key Metrics
• Negative Sentiment: Wells Fargo and TD Cowen both reduced their price targets for NXP, while Wells Fargo maintained a Hold rating. The revisions suggest analysts see limited upside or greater execution risk despite the company’s growth prospects. NXP Stock Price Target Cut by Wells Fargo NXP Stock Gets Price Target Trim from TD Cowen
• Negative Sentiment: Investor skepticism toward selected semiconductor stocks adds a risk-off backdrop, particularly as the sector faces questions about valuation, cyclical demand and the sustainability of AI-related enthusiasm. 3 Semiconductor Stocks We’re Skeptical Of

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NXPI shares. Mizuho cut their target price 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. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Susquehanna lifted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $302.30.

NXP Semiconductors Trading Down 1.9%

Shares of NXPI stock opened at $237.79 on Friday. The stock has a market capitalization of $59.96 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.82 and a beta of 1.80. The company's fifty day simple moving average is $230.20 and its two-hundred day simple moving average is $257.62. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's dividend payout ratio is 34.64%.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was 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 $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the 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 completion of the sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

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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