MGO One Seven LLC Makes New $3.50 Million Investment in NXP Semiconductors N.V. $NXPI

Key Points

• MGO One Seven LLC acquired 14,736 NXP Semiconductors shares worth approximately $3.5 million in the third quarter, while institutional investors collectively own 90.54% of the company.
• NXP reported quarterly EPS of $4.20 and revenue of $3.79 billion, exceeding analyst expectations; revenue rose 19.3% year over year. The board also authorized a $5 billion share-repurchase program.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $295.78, compared with shares opening at $257.24. NXP also pays a quarterly dividend of $1.014, yielding about 1.6% annually.

MGO One Seven LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,736 shares of the semiconductor provider's stock, valued at approximately $3,500,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth approximately $308,000. Americana Partners LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $469,000. Avestar Capital LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $344,000. State of Wyoming purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $71,000. Finally, Lebenthal Global Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 3,355 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president directly owned 288 shares of the company's stock, valued at approximately $69,120. This trade represents 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 accessible 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 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 value of $226,040.00. Following the completion of the sale, the executive vice president owned 7,942 shares of the company's stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NXPI. Truist Financial reduced their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Thursday. Susquehanna increased their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Jefferies Financial Group reduced their price objective on NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Finally, Wells Fargo & Company lifted their price objective on NXP Semiconductors from $235.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $295.78.

NXP Semiconductors Trading Down 0.9%

Shares of NXP Semiconductors stock opened at $257.24 on Tuesday. The firm has a 50-day simple moving average of $233.61 and a two-hundred day simple moving average of $246.18. The company has a market cap of $64.84 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.85 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 0.80, a quick ratio of 1.36 and a current ratio of 2.12.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $3.11 EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.79 earnings per share for the current fiscal year.

NXP Semiconductors announced that its board has initiated a share repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in outstanding shares. This repurchase authorization authorizes the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

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 issued a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. NXP Semiconductors's dividend payout ratio is presently 31.84%.

NXP Semiconductors Company 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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