NXP Semiconductors N.V. $NXPI Shares Newly Bought by One Way Holdings LLC

Key Points

• One Way Holdings LLC purchased 7,000 NXP Semiconductors shares worth approximately $1.66 million in the third quarter. Institutional investors and hedge funds collectively own 90.54% of the company.
• Analyst sentiment remains a “Moderate Buy”, with 16 Buy, nine Hold, and one Sell rating; the consensus price target is $295.78 despite several recent target-price reductions.
• NXP exceeded quarterly earnings and revenue expectations, while reporting 19.3% year-over-year revenue growth. The company also maintains a 1.6% dividend yield and authorized a $5 billion share-repurchase program.

One Way Holdings LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,000 shares of the semiconductor provider's stock, valued at approximately $1,663,000.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $6,716,412,000. State Street Corp lifted its stake in NXP Semiconductors by 6.4% during the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock worth $3,298,932,000 after purchasing an additional 702,099 shares in the last quarter. Bank of America Corp DE acquired a new position in NXP Semiconductors during the second quarter worth $1,169,846,000. Van ECK Associates Corp purchased a new position in shares of NXP Semiconductors during the second quarter worth $1,167,458,000. Finally, Jupiter Topco LLC purchased a new position in shares of NXP Semiconductors during the second quarter worth $742,385,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on NXPI. Stifel Nicolaus dropped their target price on NXP Semiconductors from $265.00 to $250.00 and set a "hold" rating for the company in a research report on Wednesday, October 28th. Jefferies Financial Group reduced their price target on shares of NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday. UBS Group lowered shares of NXP Semiconductors from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $305.00 to $270.00 in a research note on Monday, August 3rd. Mizuho cut their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Finally, Truist Financial reduced their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $295.78.

Insider Transactions 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 transaction, the executive vice president directly owned 288 shares of the company's stock, 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 link. 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 completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was 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. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $259.61 on Monday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company's 50 day moving average is $232.97 and its two-hundred day moving average is $246.09. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The company has a market cap of $65.43 billion, a PE ratio of 20.41, a P/E/G ratio of 0.88 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.11 EPS. Equities analysts predict that NXP Semiconductors N.V. will post 13.79 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid 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 1.6%. NXP Semiconductors's dividend payout ratio (DPR) is currently 31.92%.

NXP Semiconductors declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 27th that allows the company to repurchase $5 billion in shares. This repurchase authorization allows the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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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