NXP Semiconductors N.V. $NXPI Shares Newly Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 77,014 shares of the semiconductor provider’s stock, valued at approximately $18,293,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in NXP Semiconductors in the third quarter valued at $1,126,000. Ieq Capital LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors in the 2nd quarter worth $6,716,412,000. Private Wealth Partners LLC raised its holdings in NXP Semiconductors by 203.6% in the 1st quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider’s stock worth $2,097,000 after purchasing an additional 7,144 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in NXP Semiconductors in the 2nd quarter worth $36,657,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 1.2%

NXPI stock traded down $2.87 during midday trading on Friday, hitting $234.92. The stock had a trading volume of 3,271,636 shares, compared to its average volume of 3,290,400. The business has a 50-day moving average of $230.20 and a two-hundred day moving average of $257.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The firm has a market cap of $59.24 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.81 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.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 earnings per share. As a group, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Wall Street Analyst Weigh In

NXPI has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. UBS Group reissued a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Mizuho lowered their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen investment 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 currently has an average rating of “Moderate Buy” and a consensus target price of $302.30.

Insider Activity

In related news, EVP Christopher L. Jensen sold 3,355 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction 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 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 owned by company insiders.

NXP Semiconductors Company 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.