Aberdeen Group plc Buys New Position in NXP Semiconductors N.V. $NXPI

Aberdeen Group plc bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,595,296 shares of the semiconductor provider’s stock, valued at approximately $616,461,000. NXP Semiconductors comprises approximately 0.6% of Aberdeen Group plc’s holdings, making the stock its 22nd largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL grew 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 period. Howard Financial Services LTD. raised its holdings in NXP Semiconductors by 2.9% in the 3rd 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 during the period. Ballast Advisors LLC raised its holdings in NXP Semiconductors by 0.7% in the 1st 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 during the period. Chicago Partners Investment Group LLC lifted its position in NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after purchasing an additional 69 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new position in NXP Semiconductors during the second quarter valued at $28,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NXPI has been the topic of several recent analyst reports. KeyCorp reduced their price objective on shares of NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Evercore restated an “outperform” rating on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Susquehanna raised their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $295.78.

NXP Semiconductors Trading Down 0.8%

Shares of NXPI opened at $265.09 on Friday. The company’s fifty day moving average is $240.01 and its 200 day moving average is $247.33. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a market capitalization of $66.82 billion, a PE ratio of 20.84, a P/E/G ratio of 0.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.08. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $3.11 earnings per share. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

NXP Semiconductors announced that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This buyback authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale 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, Director Anthony Foxx sold 400 shares of the stock in a transaction 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 completion of the sale, the director owned 2,942 shares in the company, valued at $775,511.20. The trade was a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,398 shares of company stock valued at $1,574,523. 0.05% of the stock is owned by corporate insiders.

About NXP Semiconductors

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.