4,782 Shares in NXP Semiconductors N.V. $NXPI Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,782 shares of the semiconductor provider’s stock, valued at approximately $1,105,000.

Several other institutional investors have also made changes to their positions in NXPI. BlackRock Inc. bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $6,716,412,000. State Street Corp grew its holdings in shares of NXP Semiconductors by 6.4% during 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. Invesco Ltd. grew its holdings in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $1,169,846,000. Finally, Van ECK Associates Corp bought a new position in shares of NXP Semiconductors in the second quarter worth $1,167,458,000. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. TD Cowen reduced their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Oppenheimer raised their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Mizuho dropped their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $304.91.

NXP Semiconductors Stock Up 4.6%

NASDAQ NXPI opened at $231.09 on Friday. The business has a fifty day moving average price of $230.15 and a two-hundred day moving average price of $256.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a market capitalization of $58.27 billion, a PE ratio of 19.72, a PEG ratio of 0.75 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $2.72 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. Equities analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued 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 dividend yield of 1.8%. NXP Semiconductors’s payout ratio is 34.56%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% 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. 0.05% of the stock is owned by corporate insiders.

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.