Greenleaf Trust Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Greenleaf Trust bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 3,091 shares of the semiconductor provider’s stock, valued at approximately $734,000.

A number of other hedge funds have also recently modified their holdings of NXPI. BlackRock Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter worth $6,716,412,000. State Street Corp boosted its stake in NXP Semiconductors by 6.4% in the second quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock valued at $3,298,932,000 after acquiring an additional 702,099 shares in the last quarter. Wellington Management Group LLP acquired a new position in NXP Semiconductors in the second quarter valued at $21,099,000. Bank of America Corp DE purchased a new position in shares of NXP Semiconductors during the second quarter worth about $1,169,846,000. Finally, Van ECK Associates Corp purchased a new position in shares of NXP Semiconductors during the second quarter worth about $1,167,458,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research reports. KeyCorp reduced their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Morgan Stanley dropped their price target on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Citigroup cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Wells Fargo & Company lifted their price target on NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Finally, UBS Group cut NXP Semiconductors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $305.00 to $270.00 in a research note on Monday, August 3rd. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.78.

NXP Semiconductors Trading Up 0.8%

NASDAQ NXPI opened at $265.01 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. The firm has a market cap of $66.80 billion, a PE ratio of 20.83, a P/E/G ratio of 0.89 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The firm’s fifty day moving average is $235.22 and its two-hundred day moving average is $246.42.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $3.11 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid 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 yield of 1.5%. NXP Semiconductors’s dividend payout ratio is currently 31.92%.

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

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president owned 288 shares in the company, valued at $69,120. This trade represents 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 owned by corporate 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.