NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 779,462 shares of the semiconductor provider’s stock, valued at approximately $185,059,000. Eurizon Capital SGR S.p.A. owned 0.31% of NXP Semiconductors at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $26,000. Finally, Balance Wealth Partners LLC purchased a new position in NXP Semiconductors in the third quarter valued at approximately $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents 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, Director Anthony Foxx sold 400 shares of NXP Semiconductors stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares in the company, valued at $775,511.20. This trade represents a 11.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,755 shares of company stock valued at $1,136,680. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NXPI shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their price objective on shares of NXP Semiconductors from $370.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Oppenheimer raised their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Truist Financial reduced their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $295.78.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $267.29 on Friday. The business’s 50-day simple moving average is $239.21 and its 200 day simple moving average is $247.15. The company has a market cap of $67.37 billion, a P/E ratio of 21.01, a PEG ratio of 0.91 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. 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 issued its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.08. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $3.11 earnings per share. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors announced that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that allows the company to buy back $5 billion in shares. This buyback authorization allows the semiconductor provider to reacquire shares of its stock through open market purchases. Share buyback programs are generally a sign that the company’s management believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 31.92%.

About NXP Semiconductors

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.