MGO One Seven LLC Acquires 14,736 Shares of NXP Semiconductors N.V. $NXPI

MGO One Seven LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,736 shares of the semiconductor provider’s stock, valued at approximately $3,500,000.

A number of other institutional investors and hedge funds have also modified their holdings of NXPI. Gilliland Jeter Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter worth about $308,000. Americana Partners LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at approximately $469,000. Avestar Capital LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at approximately $344,000. State of Wyoming acquired a new position in shares of NXP Semiconductors during the third quarter valued at approximately $71,000. Finally, Lebenthal Global Advisors LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.9%

NASDAQ NXPI opened at $257.24 on Tuesday. The business’s fifty day simple moving average is $233.61 and its 200-day simple moving average is $246.18. The company has a quick ratio of 1.36, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. The firm has a market cap of $64.84 billion, a PE ratio of 20.22, a P/E/G ratio of 0.85 and a beta of 1.80. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Tuesday, October 27th. 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 firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $3.11 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.79 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a $1.0140 dividend. This represents a $4.06 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is presently 31.84%.

NXP Semiconductors announced that its board has initiated a stock repurchase program on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the semiconductor provider to reacquire shares of its stock through open market purchases. Share buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Mizuho lowered their price target 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. Stifel Nicolaus dropped their price target on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, October 28th. Truist Financial reduced their price objective on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Thursday. Finally, Susquehanna lifted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Activity

In other news, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $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 Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.