Kintegral Advisory LLC Buys 11,095 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Kintegral Advisory LLC initiated a position in NXP Semiconductors by purchasing 11,095 shares valued at approximately $2.65 million. Institutional investors collectively own 90.54% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $304.91, despite some downgrades and price-target reductions.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding estimates, while shares recently traded at $229.33. The company also pays an annualized dividend of $4.06 per share, yielding about 1.8%.

Kintegral Advisory LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,095 shares of the semiconductor provider's stock, valued at approximately $2,647,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fortitude Family Office LLC acquired a new stake in NXP Semiconductors during the third quarter worth about $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NXPI shares. Wall Street Zen downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Saturday. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Mizuho decreased their price target on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. 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 company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $304.91.

Insider Activity

In related news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors 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 sale, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction 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 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. Insiders own 0.05% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $1.76 during trading on Friday, hitting $229.33. 4,575,847 shares of the company were exchanged, compared to its average volume of 3,314,961. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market capitalization of $57.83 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.78 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. The business's 50 day moving average is $229.94 and its 200-day moving average is $255.96.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

NXP Semiconductors Company Profile

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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