Telos Capital Management Inc. Buys 36,509 Shares of NXP Semiconductors N.V. $NXPI

Telos Capital Management Inc. bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, HoldingsChannel.com reports. The firm bought 36,509 shares of the semiconductor provider’s stock, valued at approximately $8,672,000.

Other hedge funds also recently bought and sold shares of the company. QTR Family Wealth LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $269,000. Commonwealth Equity Services LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $7,276,000. Pathway Financial Advisers LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $60,000. Costello Asset Management INC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $190,000. Finally, Boston Trust Walden Corp acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $12,046,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NXPI. Susquehanna lifted their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Bank of America restated a “neutral” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Mizuho dropped their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Finally, UBS Group cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and cut their target price for the company from $305.00 to $270.00 in a research note on Monday, August 3rd. Sixteen research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $295.78.

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. This represents 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. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 7.8%

Shares of NXPI opened at $244.43 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 1.47 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $235.65 and a 200-day simple moving average of $246.45. The stock has a market cap of $61.61 billion, a PE ratio of 19.22, a PEG ratio of 0.90 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Tuesday, October 27th. 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 for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.11 EPS. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 31.84%.

NXP Semiconductors announced that its board has approved a stock buyback plan on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

NXP Semiconductors 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.