NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 31,003 shares of the semiconductor provider’s stock, valued at approximately $7,364,000.

A number of other hedge funds have also recently made changes to their positions in the company. ARGA Investment Management LP bought a new position in NXP Semiconductors in the 3rd quarter valued at approximately $22,601,000. Carmel Capital Management L.L.C. acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $15,606,000. Legacy Wealth Management LLC MS bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $282,000. Signature Equity Partners LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $29,000. Finally, Salomon & Ludwin LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at approximately $70,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America reaffirmed a “neutral” rating and set a $280.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. KeyCorp decreased their price objective on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Finally, Wells Fargo & Company raised their target price on NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Buying and Selling

In related 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 transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the sale, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was 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. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $265.01 on Thursday. The stock has a market capitalization of $66.80 billion, a PE ratio of 20.83, a PEG ratio of 0.89 and a beta of 1.83. The business’s 50 day simple moving average is $235.22 and its 200 day simple moving average is $246.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.08. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. NXP Semiconductors’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.11 earnings per share. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.81 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. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 31.92%.

NXP Semiconductors declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 27th that allows the company to repurchase $5 billion in shares. This buyback authorization allows the semiconductor provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

NXP Semiconductors Company 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.