NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Ethic Inc.

Ethic Inc. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 9,188 shares of the semiconductor provider’s stock, valued at approximately $2,183,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $6,716,412,000. Wellington Management Group LLP bought a new position in NXP Semiconductors in the 2nd quarter valued at approximately $21,099,000. Bank of America Corp DE acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,169,846,000. Van ECK Associates Corp acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,167,458,000. Finally, Jupiter Topco LLC bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $742,385,000. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Christopher 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 value of $805,200.00. Following the transaction, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were 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. Insiders sold 4,755 shares of company stock valued at $1,136,680 over the last quarter. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $269.51 on Thursday. The company has a market capitalization of $67.93 billion, a PE ratio of 21.19, a P/E/G ratio of 0.88 and a beta of 1.83. The company has a 50 day simple moving average of $238.43 and a two-hundred day simple moving average of $246.97. 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 fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion for 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%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.11 EPS. Research analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 27th that allows the company to buy back $5 billion in shares. This repurchase authorization allows the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 31.92%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price target 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. Oppenheimer raised their price target 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. KeyCorp cut their price target on shares of NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen equities 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

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.