CX Institutional Buys 40,802 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• CX Institutional acquired 40,802 shares of NXP Semiconductors in the third quarter, valued at approximately $9.7 million. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly EPS of $3.61, exceeding estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion. The company also declared a quarterly dividend of $1.014 per share, representing a 1.7% yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $305.65, compared with the stock’s recent price of $243.66.

CX Institutional bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,802 shares of the semiconductor provider's stock, valued at approximately $9,692,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MCF Advisors LLC boosted its position in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock worth $46,000 after acquiring an additional 43 shares during the period. Gamco Investors INC. ET AL grew its stake in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after acquiring an additional 45 shares in the last quarter. CNB Bank increased its holdings in shares of NXP Semiconductors by 48.8% in the 4th quarter. CNB Bank now owns 180 shares of the semiconductor provider's stock valued at $39,000 after purchasing an additional 59 shares during the period. Ballast Advisors LLC increased its holdings in shares of NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after purchasing an additional 61 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was 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 approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Stock Up 1.9%

NXPI traded up $4.47 during midday trading on Friday, hitting $243.66. 2,681,767 shares of the company's stock traded hands, compared to its average volume of 3,552,822. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The company has a market cap of $61.44 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock's fifty day simple moving average is $232.33 and its 200-day simple moving average is $253.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 EPS. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is 34.64%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. Oppenheimer increased their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Wells Fargo & Company decreased their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

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