NXP Semiconductors N.V. $NXPI Shares Newly Acquired by Asset One Wealth Management LLC

by · The Markets Daily

Asset One Wealth Management LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,715 shares of the semiconductor provider’s stock, valued at approximately $4,445,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its position in NXP Semiconductors by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares during the period. Howard Financial Services LTD. lifted its stake in shares of NXP Semiconductors by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 49 shares during the last quarter. Ballast Advisors LLC increased its position in NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after purchasing an additional 61 shares during the period. Chicago Partners Investment Group LLC increased its position in NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after buying an additional 69 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.6%

NXP Semiconductors stock opened at $248.29 on Friday. The business has a 50 day simple moving average of $236.09 and a 200-day simple moving average of $246.54. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. The stock has a market capitalization of $62.58 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $3.11 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced 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. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is currently 31.92%.

NXP Semiconductors declared that its board has approved a stock buyback plan on Tuesday, October 27th that allows the company to repurchase $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 generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NXPI. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. Susquehanna increased their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, Evercore restated an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $295.78.

Read Our Latest Report on NXPI

Insider Buying and Selling

In related news, Director Anthony R. Foxx sold 400 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This represents a 11.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This represents 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. Over the last three months, insiders have sold 4,755 shares of company stock worth $1,136,680. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Profile

(Free Report)

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.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.

Featured Stories

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).