Machina Capital S.A.S. Makes New Investment in NXP Semiconductors N.V. $NXPI

Machina Capital S.A.S. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,095 shares of the semiconductor provider’s stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allied Private Wealth LLC acquired a new position in NXP Semiconductors during the 2nd quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new stake in NXP Semiconductors in the second quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth approximately $26,000. Finally, Balance Wealth Partners LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $29,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.8%

Shares of NXPI opened at $267.29 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm’s 50-day moving average price is $239.21 and its 200-day moving average price is $247.15. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $67.37 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 0.91 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last issued 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. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $3.11 EPS. NXP Semiconductors’s revenue was up 19.3% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued 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 dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 31.92%.

NXP Semiconductors declared that its board has approved a stock repurchase program on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This buyback authorization permits the semiconductor provider to repurchase 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.

Analyst Ratings Changes

A number of research firms have recently weighed in on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of NXP Semiconductors in a report on Monday, October 26th. Bank of America reiterated a “neutral” rating and set a $280.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of NXP Semiconductors in a research note on Wednesday, October 28th. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Sixteen 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the completion of the sale, the director owned 2,942 shares in the company, valued at $775,511.20. This represents a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,755 shares of company stock worth $1,136,680 in the last 90 days. 0.05% of the stock is currently owned by 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.