43,163 Shares of NXP Semiconductors N.V. $NXPI Bought by Vest Financial LLC

Vest Financial LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the 3rd quarter, Holdings Channel reports. The fund bought 43,163 shares of the semiconductor provider’s stock, valued at approximately $10,253,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $454,000 after buying an additional 45 shares during the period. Howard Financial Services LTD. increased its stake in shares of NXP Semiconductors by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after acquiring an additional 49 shares during the last quarter. Ballast Advisors LLC increased its stake in shares of NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after acquiring an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC raised 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 valued at $236,000 after acquiring an additional 69 shares during the period. Finally, Fulton Bank N.A. raised 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 valued at $850,000 after acquiring an additional 84 shares during the period. Institutional investors own 90.54% of the company’s stock.

More NXP Semiconductors News

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

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president owned 288 shares of the company’s stock, valued at $69,120. The trade was 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.9%

NASDAQ NXPI opened at $237.79 on Friday. The stock has a market capitalization of $59.96 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 0.82 and a beta of 1.80. The stock’s 50 day moving average price is $230.20 and its two-hundred day moving average price is $257.62. 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 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings results 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 firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.72 EPS. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal 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 of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 34.64%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent analyst reports. TD Cowen reduced their price objective on shares of NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, October 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Finally, Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $302.30.

View Our Latest Stock Report on NXP Semiconductors

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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