Zevenbergen Capital Investments LLC Acquires New Shares in NXP Semiconductors N.V. $NXPI

Zevenbergen Capital Investments LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, HoldingsChannel.com reports. The fund bought 86,100 shares of the semiconductor provider’s stock, valued at approximately $20,451,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors in the 2nd quarter worth $29,000. Fiduciary Financial Advisors purchased a new position in NXP Semiconductors during the second quarter valued at $28,000. Pingora Partners LLC purchased a new stake in NXP Semiconductors in the second quarter worth about $35,000. Finally, SHP Wealth Management purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $27,000. 90.54% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. This represents a 92.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 1.8%

NXP Semiconductors stock traded down $4.15 during midday trading on Thursday, reaching $231.07. The stock had a trading volume of 3,950,742 shares, compared to its average volume of 3,533,643. The firm has a market cap of $58.27 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.80. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $230.61 and a 200 day moving average of $255.06.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.72 earnings per share. On average, analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a $1.0140 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NXPI. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. TD Cowen dropped their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Sixteen investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.91.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.