9,443 Shares of NXP Semiconductors N.V. $NXPI Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, HoldingsChannel.com reports. The firm purchased 9,443 shares of the semiconductor provider’s stock, valued at approximately $2,218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fortitude Family Office LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $26,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $29,000. Finally, Midwest Professional Planners LTD. bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NXPI. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a report on Monday, October 26th. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, October 28th. Evercore reissued an “outperform” rating on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Finally, Jefferies Financial Group reduced their price objective on shares of NXP Semiconductors from $370.00 to $350.00 and set a “buy” 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.78.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president owned 288 shares in the company, 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director owned 2,942 shares in the company, valued at approximately $775,511.20. The trade was a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,755 shares of company stock valued at $1,136,680 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $248.29 on Friday. The firm has a market cap of $62.58 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83. 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 business has a 50-day moving average price of $236.09 and a 200-day moving average price of $246.54. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $3.11 earnings per share. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

NXP Semiconductors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in shares. This repurchase authorization authorizes the semiconductor provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

NXP Semiconductors Company 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.

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