NXP Semiconductors N.V. $NXPI Shares Newly Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, Holdings Channel reports. The fund bought 245,083 shares of the semiconductor provider’s stock, valued at approximately $58,215,000.

Other hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its stake in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after buying an additional 45 shares during the last quarter. Howard Financial Services LTD. grew its holdings in NXP Semiconductors by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after buying an additional 49 shares in the last quarter. Ballast Advisors LLC increased its stake in NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after acquiring an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in 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 worth $236,000 after acquiring an additional 69 shares during the last quarter. Finally, Fulton Bank N.A. increased 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 worth $850,000 after acquiring an additional 84 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 0.8%

NXPI stock traded down $1.76 during midday trading on Friday, reaching $229.33. 4,575,847 shares of the company traded hands, compared to its average volume of 3,314,961. 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 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The business has a 50 day moving average of $229.94 and a 200-day moving average of $255.96. The firm has a market capitalization of $57.83 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 0.78 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 EPS. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 business’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 transaction, the executive vice president owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Morgan Stanley raised their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. UBS Group reiterated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.91.

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.