Confluence Wealth Services Inc. Makes New $1.02 Million Investment in NXP Semiconductors N.V. $NXPI

Confluence Wealth Services Inc. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The firm acquired 4,306 shares of the semiconductor provider’s stock, valued at approximately $1,023,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. Finally, Balance Wealth Partners LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $29,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $269.51 on Thursday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $238.43 and a 200-day moving average price of $246.97. The firm has a market capitalization of $67.93 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, beating the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $3.11 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts forecast that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 27th that allows the company to buy back $5 billion in outstanding shares. This repurchase authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is 31.92%.

Insider Activity

In other news, Director Anthony Foxx sold 400 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 2,942 shares of the company’s stock, valued at approximately $775,511.20. This represents a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 4,755 shares of company stock valued at $1,136,680. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXPI has been the topic of several analyst reports. Morgan Stanley reduced their price objective on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Wells Fargo & Company upped their price objective on NXP Semiconductors from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. Oppenheimer raised their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, KeyCorp cut their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $295.78.

NXP Semiconductors Profile

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.