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

Royal Fund Management LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 8,198 shares of the semiconductor provider’s stock, valued at approximately $1,947,000.

Several other hedge funds have also added to or reduced their stakes in NXPI. BlackRock Inc. purchased a new stake in NXP Semiconductors during the second quarter valued at about $6,716,412,000. State Street Corp increased its holdings in shares of 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 during the period. Wellington Management Group LLP purchased a new position in shares of NXP Semiconductors in the second quarter worth about $21,099,000. Bank of America Corp DE bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $1,167,458,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 1.2%

Shares of NXP Semiconductors stock traded down $2.87 during trading on Friday, reaching $234.92. 3,271,636 shares of the stock were exchanged, compared to its average volume of 3,290,400. 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 stock’s fifty day moving average is $230.20 and its 200 day moving average is $257.46. The firm has a market cap of $59.24 billion, a price-to-earnings 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 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date 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 34.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NXPI. Wells Fargo & Company dropped their target price on NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday. Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Susquehanna boosted their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.30.

Insider Buying and Selling

In related news, 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 transaction of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, 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 Securities & Exchange Commission, which is available through 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 the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, 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. 0.05% of the stock is currently owned by company insiders.

About NXP Semiconductors

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.