Yousif Capital Management LLC Makes New $5.96 Million Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Yousif Capital Management initiated a $5.96 million position in NXP Semiconductors by purchasing 25,077 shares during the third quarter. 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 expectations, while revenue increased 19.5% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $302.30, compared with the stock’s reported price of $234.92; the company also pays an annualized dividend of $4.06 per share, yielding 1.7%.

Yousif Capital Management LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 25,077 shares of the semiconductor provider's stock, valued at approximately $5,956,000.

A number of other large investors have also recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the second quarter worth about $28,000. Bell Investment Advisors Inc bought a new stake in NXP Semiconductors during the second quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new stake in NXP Semiconductors during the second quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new stake in NXP Semiconductors during the third quarter valued at approximately $26,000. Finally, Triumph Capital Management purchased a new stake in NXP Semiconductors during the third quarter valued at approximately $29,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $234.92 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The company's 50-day moving average is $230.20 and its 200 day moving average is $257.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the prior year, the firm posted $2.72 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 20th. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating on the stock in a report on Monday, October 5th. Cantor Fitzgerald restated an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Finally, Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $302.30.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 sale, the executive vice president owned 288 shares of the company's stock, valued at approximately $69,120. This trade represents 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 owned by 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.

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