Oppenheimer & Co. Inc. Makes New Investment in NXP Semiconductors N.V. $NXPI

Oppenheimer & Co. Inc. bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,164 shares of the semiconductor provider’s stock, valued at approximately $752,000.

A number of other large investors also recently made changes to their positions in NXPI. Farther Finance Advisors LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth about $1,126,000. Ieq Capital LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $1,208,000. BlackRock Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $36,657,000. Finally, Pure Financial Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $695,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 288 shares in the company, valued at $69,120. This represents a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their position. 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. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NXPI has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Sixteen 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, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

NXP Semiconductors Trading Up 2.2%

NASDAQ NXPI opened at $262.79 on Wednesday. The firm has a market cap of $66.24 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.87 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. The stock’s 50-day moving average is $234.42 and its 200-day moving average is $246.29. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the firm earned $3.11 EPS. NXP Semiconductors’s quarterly revenue was up 19.3% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors announced that its board has initiated a stock buyback plan on Tuesday, October 27th that permits the company to buy back $5 billion in outstanding shares. This repurchase authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. 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 1.5%. NXP Semiconductors’s payout ratio is presently 31.92%.

About NXP Semiconductors

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.