NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Conning Inc.

Conning Inc. acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, HoldingsChannel.com reports. The fund acquired 3,902 shares of the semiconductor provider’s stock, valued at approximately $927,000.

Other institutional investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its position in 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 purchasing an additional 45 shares during the period. Howard Financial Services LTD. raised its holdings in NXP Semiconductors by 2.9% during 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 last quarter. Ballast Advisors LLC raised its holdings in NXP Semiconductors by 0.7% during 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 last quarter. Chicago Partners Investment Group LLC lifted its position in shares of NXP Semiconductors by 6.1% in the 1st 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 period. Finally, Fulton Bank N.A. lifted its position in shares of NXP Semiconductors by 2.0% in the 1st 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 period. 90.54% of the stock is currently owned by institutional investors.

More NXP Semiconductors News

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Strong Q3 execution: NXP exceeded consensus expectations for revenue and adjusted EPS, supported by automotive and industrial demand. Automotive revenue surpassed $2 billion for the first time, while software-defined vehicles, industrial AI and data-center applications were highlighted as longer-term growth opportunities. NXP beats third-quarter estimates
• Positive Sentiment: $5 billion share repurchase: The board authorized an additional $5 billion stock-buyback program. The authorization signals management’s confidence in NXP’s valuation and could support earnings per share by reducing the share count. NXP to repurchase $5 billion in stock
• Positive Sentiment: Upside remains in some forecasts: Truist maintained a Buy rating with a $300 target, while Needham also maintained Buy at $300 and KeyCorp retained Overweight with a $330 target. These targets reflect expectations that automotive recovery and newer growth markets can offset near-term caution. Truist price target update
• Neutral Sentiment: Technical momentum improved: NXPI recently moved above its 200-day moving average, which may attract momentum-oriented investors, though technical signals do not resolve the company’s fundamental guidance concerns. NXP breaks above 200-day moving average
• Negative Sentiment: Soft Q4 outlook: Forecast revenue of approximately $3.85 billion was slightly below consensus, and cautious operating-profit guidance revived concerns about automotive-chip demand. This initially overshadowed the quarterly beat and contributed to volatility. NXP fourth-quarter guidance
• Negative Sentiment: Analyst disagreement: Wells Fargo reiterated Equal Weight with a $245 target, while Stifel cut its target to $250 and kept a Hold rating. The reductions indicate that some analysts believe the recent rally already reflects much of NXP’s recovery potential. Wells Fargo rating

Insider Buying and Selling

In other NXP Semiconductors news, 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 transaction, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% 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. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Up 5.7%

NXPI opened at $266.00 on Friday. 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 2.12, a quick ratio of 1.36 and a debt-to-equity ratio of 0.80. The company has a market cap of $67.05 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80. The company has a fifty day moving average price of $232.24 and a two-hundred day moving average price of $245.98.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.11 EPS. Analysts predict that NXP Semiconductors N.V. will post 13.77 EPS for the current fiscal year.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.64%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXPI. Evercore reiterated an “outperform” rating on shares of NXP Semiconductors in a research report on Wednesday. TD Cowen lifted their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna boosted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Citigroup cut their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $295.78.

About NXP Semiconductors

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.