Royal Fund Management LLC Buys 8,198 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Royal Fund Management purchased 8,198 shares of NXP Semiconductors in the third quarter, valued at approximately $1.95 million. Other investment firms also initiated positions, while institutional investors collectively own 90.54% of the stock.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst expectations; revenue increased 19.5% year over year. The company also pays a quarterly dividend of $1.014 per share, representing a 1.7% yield.
• NXPI shares recently traded at $234.92, below the analyst consensus target of $302.30. Analysts collectively rate the stock a “Moderate Buy,” with 16 Buy, nine Hold, and one Sell rating.

Royal Fund Management LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,198 shares of the semiconductor provider's stock, valued at approximately $1,947,000.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management bought a new position in shares of NXP Semiconductors in the third quarter valued at approximately $351,000. SeaCrest Wealth Management LLC purchased a new position in NXP Semiconductors during the third quarter valued at approximately $248,000. Root Financial Partners LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $348,000. Pinnacle Bancorp Inc. bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $98,000. Finally, Crescent Grove Advisors LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth approximately $395,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on NXPI shares. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Bank of America restated a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price target on NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Citigroup reiterated a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $302.30.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $2.87 during trading on Friday, reaching $234.92. The company had a trading volume of 3,271,636 shares, compared to its average volume of 3,290,400. The company has a fifty day moving average of $230.20 and a two-hundred day moving average of $257.46. The stock has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (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 company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $2.72 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio is 34.64%.

Insider Activity

In related news, EVP Christopher L. Jensen sold 3,355 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was 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 $69,120. The trade was a 92.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This represents 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 currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.