3,592 Shares in NXP Semiconductors N.V. $NXPI Bought by Leuthold Group LLC

Leuthold Group LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,592 shares of the semiconductor provider’s stock, valued at approximately $853,000.

A number of other large investors have also added to or reduced their stakes in NXPI. Farther Finance Advisors LLC bought a new stake in NXP Semiconductors during the third quarter worth about $1,126,000. Ieq Capital LLC bought a new position in NXP Semiconductors in the 2nd quarter valued at about $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. The Manufacturers Life Insurance Company acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $36,657,000. Finally, GAMMA Investing LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $1,143,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.0%

Shares of NASDAQ NXPI opened at $261.56 on Wednesday. The firm has a 50 day moving average price of $237.49 and a two-hundred day moving average price of $246.78. The stock has a market cap of $65.93 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.11 earnings per share. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio is currently 31.92%.

NXP Semiconductors announced that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, October 26th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Thursday, October 29th. Morgan Stanley reduced their target price on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Truist Financial decreased their price target on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.78.

Insiders Place Their Bets

In related news, 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 value of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% 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. Over the last ninety days, insiders sold 4,755 shares of company stock worth $1,136,680. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Company Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.