Crumly & Associates Inc. Acquires New Position in NXP Semiconductors N.V. $NXPI

Crumly & Associates Inc. acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,212 shares of the semiconductor provider’s stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in NXP Semiconductors in the second quarter worth $6,716,412,000. State Street Corp boosted its position in 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 acquiring an additional 702,099 shares during the period. Invesco Ltd. grew its stake in shares of NXP Semiconductors by 17.2% in the fourth 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 position in NXP Semiconductors during the 2nd quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp acquired a new stake in shares of NXP Semiconductors in the 2nd quarter worth approximately $1,167,458,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $304.91.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $10.18 during midday trading on Wednesday, hitting $234.20. The company’s stock had a trading volume of 1,162,468 shares, compared to its average volume of 3,521,994. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market capitalization of $59.06 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.82 and a beta of 1.80. The stock’s 50 day simple moving average is $231.01 and its 200 day simple moving average is $254.48.

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

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Insider Activity

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

About NXP Semiconductors

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.