JB Capital LLC Sells 8,239 Shares of NXP Semiconductors N.V. $NXPI

JB Capital LLC trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,263 shares of the semiconductor provider’s stock after selling 8,239 shares during the period. JB Capital LLC’s holdings in NXP Semiconductors were worth $11,902,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Brown Lisle Cummings Inc. grew its holdings in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 84 shares during the period. Delos Wealth Advisors LLC acquired a new position in NXP Semiconductors in the second quarter valued at about $35,000. True Wealth Design LLC increased its holdings in shares of NXP Semiconductors by 375.6% in the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $43,000. Finally, North Capital Inc. lifted its holdings in shares of NXP Semiconductors by 119.8% during the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.2%

NXP Semiconductors stock opened at $220.05 on Wednesday. The stock has a 50-day simple moving average of $212.28 and a 200 day simple moving average of $219.33. The stock has a market capitalization of $55.38 billion, a P/E ratio of 27.23, a PEG ratio of 3.28 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 earnings per share. Analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

Insider Activity

In related news, insider Julie Southern bought 225 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the purchase, the insider owned 11,937 shares in the company, valued at $2,691,554.76. This represents a 1.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the transaction, the executive vice president owned 19,175 shares in the company, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Evercore ISI lifted their price target on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Arete Research upped their price objective on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.62.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.