Krilogy Financial LLC Purchases 6,531 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Krilogy Financial purchased 6,531 shares of NXP Semiconductors worth approximately $1.47 million, adding to significant institutional interest; hedge funds and other institutions own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst estimates, while revenue increased 19.5% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $304.91, compared with the stock’s reported price of $231.09; the company also pays an annualized dividend of $4.06, yielding 1.8%.

Krilogy Financial LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,531 shares of the semiconductor provider's stock, valued at approximately $1,471,000.

Several other hedge funds have also recently bought and sold shares of the business. Ieq Capital LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at $1,208,000. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the second quarter worth $6,716,412,000. Private Wealth Partners LLC raised its holdings in shares of NXP Semiconductors by 203.6% during the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock worth $2,097,000 after acquiring an additional 7,144 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of NXP Semiconductors during the second quarter worth $36,657,000. Finally, Pure Financial Advisors LLC purchased a new stake in shares of NXP Semiconductors during the second quarter worth $695,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. 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 completion of the sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the 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 transaction, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This 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. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $231.09 on Friday. The firm has a 50 day moving average of $230.15 and a two-hundred day moving average of $256.15. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market capitalization of $58.27 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.75 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 (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 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio is currently 34.56%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Susquehanna upped their target price on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. TD Cowen cut their price target on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a "neutral" rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $304.91.

NXP Semiconductors 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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