2,547 Shares of NXP Semiconductors N.V. $NXPI Bought by Seelaus Asset Management LLC

Seelaus Asset Management LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, HoldingsChannel reports. The firm bought 2,547 shares of the semiconductor provider’s stock, valued at approximately $605,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in NXP Semiconductors in the second quarter worth about $6,716,412,000. Wellington Management Group LLP acquired a new stake in NXP Semiconductors during the second quarter valued at approximately $21,099,000. Bank of America Corp DE acquired a new stake in NXP Semiconductors during the second quarter valued at approximately $1,169,846,000. Van ECK Associates Corp bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $1,167,458,000. Finally, Jupiter Topco LLC bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $742,385,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $6.27 during trading hours on Wednesday, reaching $220.05. The company’s stock had a trading volume of 1,107,831 shares, compared to its average volume of 3,508,848. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $230.37 and a 200 day simple moving average of $255.70. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $55.49 billion, a PE ratio of 18.82, a PEG ratio of 0.77 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 earnings per share. Equities research analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given 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 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s 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 directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research reports. Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Susquehanna lifted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $304.91.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.