15,361 Shares of NXP Semiconductors N.V. $NXPI Bought by Novem Group

Novem Group acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,361 shares of the semiconductor provider’s stock, valued at approximately $3,649,000.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NXPI. TD Cowen reduced their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer boosted 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. Wall Street Zen cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $304.91.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $0.86 during midday trading on Monday, reaching $230.19. 3,087,915 shares of the company traded hands, compared to its average volume of 3,537,518. The firm has a market capitalization of $58.05 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. The company has a fifty day moving average price of $229.88 and a 200 day moving average price of $256.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share 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 firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $2.72 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts expect that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is 34.56%.

Insider Activity

In related news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate 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.