Robeco Schweiz AG purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 101,215 shares of the semiconductor provider’s stock, valued at approximately $24,042,000.
A number of other large investors also recently bought and sold shares of NXPI. Fortitude Family Office LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth approximately $26,000. Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new position in NXP Semiconductors in the second quarter worth approximately $29,000. Finally, Midwest Professional Planners LTD. purchased a new position in NXP Semiconductors during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 1.2%
Shares of NASDAQ NXPI opened at $234.92 on Friday. 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 stock has a market capitalization of $59.24 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The stock’s fifty day simple moving average is $230.20 and its two-hundred day simple moving average is $257.46. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.72 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
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 $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.56%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on NXPI shares. Susquehanna lifted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a report on Monday, October 5th. Mizuho lowered their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $302.30.
Read Our Latest Research Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. 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. 0.05% of the stock is currently owned by company insiders.
NXP Semiconductors 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.
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