40,802 Shares of NXP Semiconductors N.V. $NXPI Purchased by CX Institutional

CX Institutional acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The fund acquired 40,802 shares of the semiconductor provider’s stock, valued at approximately $9,692,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $6,716,412,000. State Street Corp increased its position in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after buying an additional 702,099 shares during the period. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors during the second quarter worth approximately $21,099,000. Invesco Ltd. boosted its position in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of NXP Semiconductors by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider’s stock valued at $923,225,000 after acquiring an additional 421,011 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $4.47 during mid-day trading on Friday, reaching $243.66. The company’s stock had a trading volume of 2,681,767 shares, compared to its average volume of 3,552,822. The firm’s 50-day moving average is $232.33 and its two-hundred day moving average is $253.41. The company has a market cap of $61.44 billion, a P/E ratio of 20.79, a PEG ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.72 EPS. On average, research analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other 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 value of $226,040.00. Following the completion of the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXPI. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Oppenheimer raised their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Finally, Mizuho reduced their target price 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. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.