3,164 Shares in NXP Semiconductors N.V. $NXPI Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,164 shares of the semiconductor provider’s stock, valued at approximately $752,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. Bell Investment Advisors Inc acquired a new position in NXP Semiconductors during the second quarter worth $29,000. Fiduciary Financial Advisors bought a new position in NXP Semiconductors in the second quarter valued at $28,000. Fortitude Family Office LLC bought a new position in NXP Semiconductors in the third quarter valued at $26,000. Finally, Triumph Capital Management bought a new position in NXP Semiconductors in the third quarter valued at $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on NXPI shares. Jefferies Financial Group lowered their price target on shares of NXP Semiconductors from $370.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Evercore restated an “outperform” rating on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Citigroup decreased their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Finally, Truist Financial lowered their target price on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $295.78.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $262.79 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $234.42 and its two-hundred day moving average price is $246.29. The firm has a market capitalization of $66.24 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released 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 return on equity of 28.57% and a net margin of 23.40%. 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 firm posted $3.11 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 31.92%.

NXP Semiconductors announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 27th that authorizes the company to repurchase $5 billion in outstanding shares. This buyback authorization authorizes the semiconductor provider to purchase shares of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 completion of the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the company’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 completion of the transaction, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Company 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.