NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 92,224 shares of the semiconductor provider’s stock, valued at approximately $21,906,000.

A number of other hedge funds have also bought and sold shares of NXPI. Gamco Investors INC. ET AL increased its holdings in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after buying an additional 45 shares during the last quarter. Howard Financial Services LTD. raised its stake in NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after buying an additional 49 shares in the last quarter. Ballast Advisors LLC lifted its holdings in NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after buying an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after buying an additional 69 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $28,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 3,355 shares of the business’s 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 transaction, the executive vice president owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director owned 2,942 shares of the company’s stock, valued at $775,511.20. This represents a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,755 shares of company stock valued at $1,136,680 over the last three months. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $248.29 on Friday. The company has a market cap of $62.58 billion, a P/E ratio of 19.52, a PEG ratio of 0.84 and a beta of 1.83. The business has a 50 day moving average of $236.09 and a two-hundred day moving average of $246.54. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.11 EPS. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors declared that its board has approved a stock repurchase program on Tuesday, October 27th that permits the company to repurchase $5 billion in outstanding shares. This repurchase authorization permits the semiconductor provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 31.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NXPI. Susquehanna boosted their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Mizuho reduced their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Finally, Oppenheimer increased their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Sixteen equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

NXP Semiconductors Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.