NXP Semiconductors N.V. $NXPI Shares Newly Purchased by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. acquired 11,752 NXP Semiconductors shares worth approximately $2.79 million during the third quarter. Institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $295.78. Sixteen analysts rate the stock Buy, compared with nine Holds and one Sell.
• NXP reported quarterly EPS of $4.20 and revenue of $3.79 billion, exceeding estimates, while revenue increased 19.3% year over year. The company also authorized a $5 billion share-repurchase program and pays a $1.014 quarterly dividend.

D.A. Davidson & CO. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,752 shares of the semiconductor provider's stock, valued at approximately $2,791,000.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in NXP Semiconductors during the second quarter worth about $6,716,412,000. State Street Corp lifted its holdings in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock valued at $3,298,932,000 after acquiring an additional 702,099 shares during the last quarter. Wellington Management Group LLP acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $21,099,000. Bank of America Corp DE bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $1,167,458,000. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, October 28th. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Bank of America reaffirmed a "neutral" rating and set a $280.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Susquehanna upped their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus decreased their price target 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $295.78.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the company's 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 transaction, the executive vice president owned 7,942 shares of the company's stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company's stock, valued at approximately $69,120. This represents a 92.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Down 0.9%

NXPI opened at $257.24 on Tuesday. The firm has a market cap of $64.84 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.36 and a current ratio of 2.12. The business has a 50 day moving average price of $233.61 and a 200 day moving average price of $246.18. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted 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. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $3.11 EPS. The business's revenue was up 19.3% compared to the same quarter last year. Research analysts forecast that NXP Semiconductors N.V. will post 13.79 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's dividend payout ratio is presently 31.92%.

NXP Semiconductors declared that its Board of Directors has authorized a share buyback 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 reacquire shares of its stock through open market purchases. Share repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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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