Allegiance Financial Group Advisory Services LLC Makes New $561,000 Investment in NXP Semiconductors N.V. $NXPI

Allegiance Financial Group Advisory Services LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,355 shares of the semiconductor provider’s stock, valued at approximately $561,000.

Several other hedge funds have also recently modified their holdings of the business. Gamco Investors INC. ET AL grew its position in shares of NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 49 shares during the last quarter. Ballast Advisors LLC grew its position in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after purchasing an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 69 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, Director Anthony R. Foxx sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the transaction, the director owned 2,942 shares of the company’s stock, valued at approximately $775,511.20. The trade was a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,755 shares of company stock worth $1,136,680 over the last 90 days. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Price Performance

Shares of NXPI opened at $248.29 on Friday. The firm has a market capitalization of $62.58 billion, a PE ratio of 20.38, a price-to-earnings-growth 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. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company’s fifty day moving average price is $236.09 and its 200-day moving average price is $246.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.11 earnings per share. On average, equities research analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors announced that its board has authorized a stock buyback program on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This buyback authorization permits the semiconductor provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

NXP Semiconductors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a report on Monday, October 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Thursday, October 29th. Evercore reaffirmed an “outperform” rating on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Morgan Stanley dropped their price target on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

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.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.