Boston Trust Walden Corp Acquires 50,713 Shares of NXP Semiconductors N.V. $NXPI

Boston Trust Walden Corp bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel.com reports. The firm bought 50,713 shares of the semiconductor provider’s stock, valued at approximately $12,046,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. State Street Corp increased its stake in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after purchasing an additional 702,099 shares in the last quarter. Bank of America Corp DE acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $1,169,846,000. Van ECK Associates Corp acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $1,167,458,000. Finally, Jupiter Topco LLC purchased a new stake in NXP Semiconductors during the second quarter valued at about $742,385,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Christopher 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 directly owned 288 shares in the company, valued at $69,120. This represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the 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 sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 7.8%

Shares of NASDAQ NXPI opened at $244.43 on Friday. The business has a 50 day simple moving average of $235.65 and a 200 day simple moving average of $246.45. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $61.61 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.08. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.11 earnings per share. On average, research analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This buyback authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s payout ratio is 31.92%.

Analyst Ratings Changes

A number of equities analysts recently commented on NXPI shares. Citigroup decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. TD Cowen boosted their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. KeyCorp reduced their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their price target on NXP Semiconductors from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

About NXP Semiconductors

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.