50,071 Shares of NXP Semiconductors N.V. $NXPI Acquired by Crossmark Global Holdings Inc.

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:

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

(Free Report)

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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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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