Generate Investment Management Ltd Acquires New Shares in NXP Semiconductors N.V. $NXPI

Key Points

• Generate Investment Management Ltd. purchased 39,207 shares of NXP Semiconductors in the third quarter, valued at approximately $9.3 million. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share, exceeding estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $304.91 versus a recent price of $220.72. NXP also pays a quarterly dividend of $1.014 per share, yielding approximately 1.8%.

Generate Investment Management Ltd purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,207 shares of the semiconductor provider's stock, valued at approximately $9,313,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NXPI. BlackRock Inc. acquired a new position in NXP Semiconductors during the second quarter worth approximately $6,716,412,000. State Street Corp raised its stake in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock valued at $3,298,932,000 after acquiring an additional 702,099 shares during the period. Invesco Ltd. raised its stake in NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the period. Bank of America Corp DE bought a new stake in NXP Semiconductors in the 2nd quarter valued at $1,169,846,000. Finally, Van ECK Associates Corp acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $1,167,458,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $5.61 during mid-day trading on Wednesday, hitting $220.72. 1,004,430 shares of the stock were exchanged, compared to its average volume of 3,508,335. The firm's 50-day simple moving average is $230.37 and its 200 day simple moving average is $255.70. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.80. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The firm 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 for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.72 EPS. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio is 34.64%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 288 shares of the company's stock, valued at $69,120. This represents a 92.09% 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. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued a "market perform" rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Cantor Fitzgerald restated an "overweight" rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised their target price 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 equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $304.91.

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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