9,712 Shares in NXP Semiconductors N.V. $NXPI Bought by Drum Hill Capital LLC

Drum Hill Capital LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,712 shares of the semiconductor provider’s stock, valued at approximately $2,307,000. NXP Semiconductors makes up about 1.5% of Drum Hill Capital LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $27,000. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the second quarter valued at $28,000. Finally, Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the second quarter valued at $29,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NXPI shares. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wells Fargo & Company dropped their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Finally, Susquehanna lifted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $304.91.

NXP Semiconductors Stock Up 0.4%

NXPI opened at $230.19 on Tuesday. The firm’s 50 day simple moving average is $229.88 and its two-hundred day simple moving average is $256.68. The company has a market capitalization of $58.04 billion, a PE ratio of 19.64, a PEG ratio of 0.78 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 current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 EPS. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors 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 yield of 1.8%. NXP Semiconductors’s payout ratio is 34.64%.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was 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 directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. 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. Insiders own 0.05% of the company’s stock.

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.