NorthCrest Asset Manangement LLC Acquires New Shares in NXP Semiconductors N.V. $NXPI

NorthCrest Asset Manangement LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,782 shares of the semiconductor provider’s stock, valued at approximately $1,105,000.

A number of other large investors have also recently added to or reduced their stakes in NXPI. Gamco Investors INC. ET AL increased its stake in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares during the last quarter. Ballast Advisors LLC raised its holdings in shares of NXP Semiconductors by 0.7% in the 1st 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 period. Chicago Partners Investment Group LLC raised its holdings in shares of NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after purchasing an additional 69 shares during the period. Fulton Bank N.A. lifted its stake in NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock valued at $850,000 after purchasing an additional 84 shares during the last quarter. Finally, RFG Advisory LLC lifted its stake in NXP Semiconductors by 3.0% in the 1st quarter. RFG Advisory LLC now owns 3,060 shares of the semiconductor provider’s stock valued at $602,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NXPI. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Mizuho dropped their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $304.91.

Insider Buying and Selling

In other news, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president directly owned 7,942 shares in the company, 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 own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $231.09 on Friday. The company has a market cap of $58.27 billion, a P/E ratio of 19.72, a P/E/G ratio of 0.75 and a beta of 1.80. The firm’s fifty day moving average price is $230.15 and its two-hundred day moving average price is $256.15. NXP Semiconductors N.V. has a one year low of $183.00 and a one 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.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company posted $2.72 EPS. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is 34.56%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.