Financial Management Professionals Inc. Makes New Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Financial Management Professionals Inc. acquired 4,906 NXP Semiconductors shares in the third quarter, valued at approximately $1.17 million. Institutional investors and hedge funds collectively own 90.54% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $302.30, although several firms recently lowered their targets.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding estimates, while paying a quarterly dividend of $1.014 per share, equivalent to a 1.7% yield.

Financial Management Professionals Inc. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,906 shares of the semiconductor provider's stock, valued at approximately $1,170,000.

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

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors 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 $69,120. This represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. 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. Insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NXPI. TD Cowen reduced their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company lowered their price objective on shares of NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 20th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Mizuho dropped their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $302.30.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $234.92 on Monday. The company has a fifty day simple moving average of $230.20 and a two-hundred day simple moving average of $257.88. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for 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 company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.72 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share 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 paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's payout ratio is presently 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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