Asset One Wealth Management LLC Makes New $4.45 Million Investment in NXP Semiconductors N.V. $NXPI

Asset One Wealth Management LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,715 shares of the semiconductor provider’s stock, valued at approximately $4,445,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. BlackRock Inc. acquired a new stake in NXP Semiconductors during the second quarter worth approximately $6,716,412,000. State Street Corp grew its holdings in shares of NXP Semiconductors by 6.4% in the second 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 during the last quarter. Wellington Management Group LLP purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $21,099,000. Bank of America Corp DE bought a new position in NXP Semiconductors in the second quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp purchased a new stake in NXP Semiconductors in the 2nd quarter worth $1,167,458,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Morgan Stanley reduced their price objective on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, October 26th. Oppenheimer increased their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Stifel Nicolaus reduced their target price on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, October 28th. Sixteen 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 company’s stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $295.78.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of NXP Semiconductors stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director owned 2,942 shares in the company, valued at $775,511.20. This represents a 11.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,755 shares of company stock valued at $1,136,680 over the last quarter. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $248.29 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. The stock has a market capitalization of $62.58 billion, a PE ratio of 19.52, a PEG ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a 50-day simple moving average of $236.09 and a 200-day simple moving average of $246.54.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 28th. 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 business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $3.11 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors announced that its board has authorized a stock buyback plan on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are often a sign that the company’s management believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 31.92%.

About NXP Semiconductors

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.