Vontobel Holding Ltd. Purchases 245,083 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Vontobel Holding acquired 245,083 shares of NXP Semiconductors worth approximately $58.2 million, giving it a 0.10% stake. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst expectations; revenue increased 19.5% year over year.
• Shares recently traded at $229.33, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $304.91. The company also pays a quarterly dividend of $1.014, equivalent to a 1.8% annual yield.

Vontobel Holding Ltd. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 245,083 shares of the semiconductor provider's stock, valued at approximately $58,215,000. Vontobel Holding Ltd. owned 0.10% of NXP Semiconductors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in NXP Semiconductors during the second quarter valued at $6,716,412,000. State Street Corp increased its position in NXP Semiconductors by 6.4% in the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider's stock worth $3,298,932,000 after buying an additional 702,099 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of NXP Semiconductors in the second quarter worth about $21,099,000. Invesco Ltd. raised its stake in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock worth $1,210,038,000 after buying an additional 818,985 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $1,169,846,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI stock traded down $1.76 during trading on Friday, reaching $229.33. The company's stock had a trading volume of 4,575,847 shares, compared to its average volume of 3,314,961. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company's fifty day moving average is $229.94 and its 200-day moving average is $255.96. The company has a market capitalization of $57.83 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business's revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.72 earnings per share. On average, research analysts expect that NXP Semiconductors N.V. will post 13.75 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. Investors of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's payout ratio is currently 34.64%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business'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 transaction, the executive vice president directly owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a document filed 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 Christopher Jensen sold 3,355 shares of the company'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 transaction, the executive vice president owned 288 shares of the company's stock, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on NXPI shares. Stifel Nicolaus cut their price objective on NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, October 5th. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sanford C. Bernstein restated a "market perform" rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. Finally, 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 report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.91.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

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