Sowell Financial Services LLC Acquires New Position in NXP Semiconductors N.V. $NXPI

Sowell Financial Services LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,401 shares of the semiconductor provider’s stock, valued at approximately $1,520,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. Atticus Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $323,000. Quadrant Capital Group LLC acquired a new stake in NXP Semiconductors in the third quarter valued at about $1,186,000. Nisa Investment Advisors LLC acquired a new stake in NXP Semiconductors in the third quarter valued at about $3,264,000. Robeco Institutional Asset Management B.V. acquired a new stake in NXP Semiconductors in the third quarter valued at about $87,502,000. Finally, Diversify Advisory Services LLC bought a new position in NXP Semiconductors in the third quarter valued at about $594,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on NXPI shares. Morgan Stanley boosted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Susquehanna upped their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $302.30.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. 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 Christopher Jensen sold 3,355 shares of NXP Semiconductors 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 in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $234.92 on Friday. The business has a 50 day moving average of $230.20 and a 200-day moving average of $257.46. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. 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 company has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.81 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $2.72 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.64%.

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.