Crossmark Global Holdings Inc. bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,071 shares of the semiconductor provider’s stock, valued at approximately $11,893,000.
Several other institutional investors and hedge funds have also recently modified their holdings of NXPI. Gamco Investors INC. ET AL boosted its position in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after acquiring an additional 45 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after purchasing an additional 49 shares in the last quarter. Ballast Advisors LLC grew its holdings in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after purchasing an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 69 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of NXP Semiconductors by 2.0% in the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock worth $850,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors News Summary
Here are the key news stories impacting NXP Semiconductors this week:
- Positive Sentiment: Investors are expecting higher earnings and revenue when NXP reports third-quarter results, supported by demand across automotive, industrial and Internet-of-Things markets. The company’s favorable analyst ranking and relatively modest P/E multiple could also support the shares if results and guidance meet expectations. How Investors May Respond To NXP Stock Ahead Of Earnings Growth Expectations
- Positive Sentiment: NXP attracted approximately $94.1 million in net exchange-traded-fund purchases on October 20, indicating continued institutional or passive-investment demand for the stock. NXP Semiconductors Sees $94.1 Million in Net ETF Buying
- Positive Sentiment: NXP recently outperformed the broader market and semiconductor peers, reflecting optimism that improving chip demand may translate into stronger results. NXP Semiconductors Laps the Stock Market: Here’s Why
- Neutral Sentiment: Wall Street is closely focused on third-quarter estimates and operating metrics, making the upcoming report and management outlook the key near-term catalysts for NXPI. Gear Up for NXP Q3 Earnings: Wall Street Estimates for Key Metrics
- Negative Sentiment: Wells Fargo and TD Cowen both reduced their price targets for NXP, while Wells Fargo maintained a Hold rating. The revisions suggest analysts see limited upside or greater execution risk despite the company’s growth prospects. NXP Stock Price Target Cut by Wells Fargo NXP Stock Gets Price Target Trim from TD Cowen
- Negative Sentiment: Investor skepticism toward selected semiconductor stocks adds a risk-off backdrop, particularly as the sector faces questions about valuation, cyclical demand and the sustainability of AI-related enthusiasm. 3 Semiconductor Stocks We’re Skeptical Of
Insider Activity at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $69,120. This represents a 92.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.
NXP Semiconductors Stock Performance
NASDAQ:NXPI opened at $237.79 on Friday. 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 N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a market cap of $59.96 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.82 and a beta of 1.80. The business has a 50 day moving average price of $230.20 and a 200-day moving average price of $257.62.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.72 EPS. Equities research analysts predict that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.
NXP Semiconductors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Oppenheimer increased their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Wells Fargo & Company cut their target price on shares of NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group reissued a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen 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, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $302.30.
Read Our Latest Stock Report on NXPI
NXP Semiconductors Company 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.
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