Financial Advisory Partners LLC Purchases 14,914 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Financial Advisory Partners acquired 14,914 NXP Semiconductors shares worth approximately $3.54 million in the third quarter. Institutional investors and hedge funds collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $302.30, despite some firms lowering targets or issuing hold ratings.
• NXP beat quarterly earnings and revenue estimates, reporting $3.61 in EPS and $3.50 billion in revenue, while declaring a quarterly dividend of $1.014 per share, equivalent to a 1.7% yield.

Financial Advisory Partners LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,914 shares of the semiconductor provider's stock, valued at approximately $3,543,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $6,716,412,000. Wellington Management Group LLP bought a new position in NXP Semiconductors during the second quarter worth about $21,099,000. Bank of America Corp DE bought a new position in NXP Semiconductors during the second quarter worth about $1,169,846,000. Van ECK Associates Corp bought a new position in NXP Semiconductors during the second quarter worth about $1,167,458,000. Finally, Jupiter Topco LLC acquired a new stake in NXP Semiconductors in the 2nd quarter worth about $742,385,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent research reports. TD Cowen cut their price objective 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. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Sixteen research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.30.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 3,355 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were 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 in the company, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business'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 transaction, the executive vice president owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This represents a 11.18% 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. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Performance

NXPI opened at $234.92 on Monday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a 50-day simple moving average of $230.20 and a 200 day simple moving average of $257.88. 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 stock has a market capitalization of $59.24 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 0.80 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The firm 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%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.72 earnings per share. Analysts predict that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

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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