NXP Semiconductors N.V. $NXPI Shares Newly Acquired by Novem Group

Key Points

• Novem Group acquired 15,361 shares of NXP Semiconductors in the third quarter, valued at approximately $3.65 million. Institutional investors collectively own 90.54% of NXPI.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $304.91; ratings include 16 Buys, nine Holds, and one Sell.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, beating estimates and representing 19.5% year-over-year revenue growth. The company also pays an annualized dividend of $4.06, yielding about 1.8%.

Novem Group acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,361 shares of the semiconductor provider's stock, valued at approximately $3,649,000.

A number of other institutional investors have also recently added to or reduced their stakes in NXPI. LexAurum Advisors LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $251,000. Kaufman Rossin Wealth LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth about $315,000. First Bank & Trust purchased a new stake in shares of NXP Semiconductors in the third quarter worth about $590,000. IFP Advisors Inc acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $916,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $652,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NXPI shares. Bank of America reiterated a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Morgan Stanley upped their price target on NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Wall Street Zen lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Saturday. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $304.91.

NXP Semiconductors Stock Up 0.4%

Shares of NASDAQ:NXPI traded up $0.86 during trading on Monday, hitting $230.19. The company's stock had a trading volume of 3,087,915 shares, compared to its average volume of 3,537,518. 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 N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock's 50-day moving average price is $229.88 and its two-hundred day moving average price is $256.68. The company has a market capitalization of $58.05 billion, a PE ratio of 19.64, a PEG ratio of 0.78 and a beta of 1.80.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. 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 is presently 34.56%.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value 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. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 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 completion of the sale, the executive vice president owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 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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