CWA Asset Management Group LLC Acquires 18,413 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• CWA Asset Management acquired 18,413 NXP Semiconductors shares worth approximately $4.37 million, adding to significant institutional ownership of 90.54%.
• NXP reported quarterly results above expectations, with EPS of $3.61 and revenue of $3.50 billion, up 19.5% year over year. The company also declared a $1.014 quarterly dividend, representing a 1.7% annualized yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $302.30 target price, although several firms recently lowered their targets and insiders sold shares under pre-arranged trading plans.

CWA Asset Management Group LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 18,413 shares of the semiconductor provider's stock, valued at approximately $4,374,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Finally, Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating for the company in a report on Tuesday. 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. Mizuho reduced their price target on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research report on Wednesday, July 29th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Finally, 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. Sixteen investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $302.30.

NXP Semiconductors Stock Up 3.2%

Shares of NXPI stock opened at $237.60 on Wednesday. The firm's fifty day moving average price is $229.90 and its two-hundred day moving average price is $256.98. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm has a market capitalization of $59.91 billion, a P/E ratio of 19.81, a PEG ratio of 0.78 and a beta of 1.80.

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

NXP Semiconductors Dividend Announcement

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

Insider Activity

In related news, EVP Christopher Jensen sold 3,355 shares of the company'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 approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares of the company's stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors News Summary

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

• Positive Sentiment: TD Cowen maintained a Buy rating while lowering its price target from $290 to $275. The revised target still implies meaningful upside from the current trading level, signaling continued confidence in NXP’s longer-term prospects.
• Positive Sentiment: Frank Rimerman Advisors initiated a roughly $652,000 position in NXP during the third quarter. Although relatively small, the new institutional investment provides a modest positive sentiment signal. Frank Rimerman Advisors Investment Article
• Neutral Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the referenced share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. The measure is supportive but does not represent a change in company fundamentals. GuruFocus NXP Valuation Article
• Negative Sentiment: Wells Fargo cut its price target sharply from $280 to $235 and assigned an Equal Weight rating. The new target is slightly below the current price, reflecting a more cautious view. Wells Fargo NXP Price Target Article
• Negative Sentiment: NXP is scheduled to report earnings next week. While Wall Street expects earnings growth, Zacks said the company lacks the combination of factors that typically supports a likely earnings beat, increasing event risk ahead of the report. NXP Earnings Expectations Article
• Negative Sentiment: Exchange-traded funds were reported as net sellers of NXP, indicating some institutional selling pressure. ETF NXP Selling Article

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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