5,095 Shares of NXP Semiconductors N.V. $NXPI Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 5,095 shares of the semiconductor provider’s stock, valued at approximately $1,210,000.

Several other hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $1,126,000. Ieq Capital LLC bought a new stake in NXP Semiconductors during the second quarter valued at about $1,208,000. BlackRock Inc. bought a new stake in NXP Semiconductors during the second quarter valued at about $6,716,412,000. The Manufacturers Life Insurance Company purchased a new position in NXP Semiconductors in the second quarter valued at about $36,657,000. Finally, GAMMA Investing LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $1,143,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.8%

NXP Semiconductors stock opened at $267.29 on Friday. The stock has a 50-day moving average of $239.21 and a two-hundred day moving average of $247.15. 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 N.V. has a one year low of $183.00 and a one year high of $339.95. The stock has a market cap of $67.37 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping 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 business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm earned $3.11 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 31.92%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. TD Cowen lifted 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. Susquehanna boosted their price objective 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. Finally, Truist Financial decreased their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was 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 of the company’s stock, valued at approximately $69,120. This represents a 92.09% decrease in their position. 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. In the last quarter, insiders have sold 4,755 shares of company stock worth $1,136,680. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Profile

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.