NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group newly purchased 5,240 NXP Semiconductors shares worth approximately $1.19 million, while institutional investors collectively own 90.54% of the company.
• NXP reported quarterly revenue of $3.50 billion and earnings of $3.61 per share, exceeding analyst estimates; revenue increased 19.5% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $302.30, compared with the stock’s reported price of $234.92. The company also pays a $4.06 annualized dividend, yielding 1.7%.

Quadrant Capital Group LLC bought a new stake in shares of 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 and Exchange Commission. The institutional investor bought 5,240 shares of the semiconductor provider's stock, valued at approximately $1,186,000.

Several other large investors have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL lifted its stake in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after buying an additional 45 shares during the period. Howard Financial Services LTD. grew its position in shares of NXP Semiconductors by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock worth $412,000 after buying an additional 49 shares during the period. Ballast Advisors LLC grew its position in shares of NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock worth $1,787,000 after buying an additional 61 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after buying an additional 69 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock valued at $850,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Trading Down 1.2%

Shares of NXP Semiconductors stock opened at $234.92 on Friday. 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 52 week low of $183.00 and a 52 week high of $339.95. The stock has a 50 day moving average price of $230.20 and a two-hundred day moving average price of $257.46. The stock has a market capitalization of $59.24 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.81 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, beating the consensus estimate 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 previous year, the company posted $2.72 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction on 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 sale, 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. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% 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. Insiders own 0.05% of the company's stock.

Analyst Ratings Changes

NXPI has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. 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. TD Cowen decreased their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, October 19th. Susquehanna lifted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company dropped their price objective on shares of NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating on the stock in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $302.30.

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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