Mn Services Vermogensbeheer B.V. Purchases 73,546 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Mn Services Vermogensbeheer acquired 73,546 NXP Semiconductors shares worth approximately $17.5 million in the third quarter, while institutional investors collectively own 90.54% of the stock.
• Analysts maintain a “Moderate Buy” consensus on NXPI, with 16 Buy, nine Hold, and one Sell rating and an average price target of $304.91.
• NXP’s latest quarterly results exceeded expectations, with $3.61 in EPS and $3.50 billion in revenue, up 19.5% year over year; the company also pays a quarterly dividend of $1.014 per share, yielding about 1.8%.

Mn Services Vermogensbeheer B.V. purchased a new position 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 SEC. The fund purchased 73,546 shares of the semiconductor provider's stock, valued at approximately $17,469,000.

A number of other large investors also recently modified their holdings of NXPI. GAMMA Investing LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $1,143,000. Farther Finance Advisors LLC bought a new stake in NXP Semiconductors during the third quarter worth about $1,126,000. Sapient Capital LLC bought a new stake in NXP Semiconductors during the third quarter worth about $235,000. CoreCap Advisors LLC acquired a new position in NXP Semiconductors during the third quarter valued at approximately $59,000. Finally, Atwood & Palmer Inc. bought a new position in NXP Semiconductors in the third quarter valued at approximately $406,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on NXPI. Susquehanna boosted 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. Sanford C. Bernstein reissued a "market perform" rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an "overweight" rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. TD Cowen dropped their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a research note on Monday. Sixteen research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.91.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher Jensen sold 3,355 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $226,040.00. Following the completion of 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 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. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Down 1.8%

NXPI opened at $231.07 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The stock's fifty day simple moving average is $230.61 and its 200 day simple moving average is $255.06. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $58.27 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the business posted $2.72 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

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

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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