Nisa Investment Advisors LLC Makes New $3.26 Million Investment in NXP Semiconductors N.V. $NXPI

Nisa Investment Advisors LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 13,682 shares of the semiconductor provider’s stock, valued at approximately $3,264,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $6,716,412,000. State Street Corp grew its stake in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock valued at $3,298,932,000 after acquiring an additional 702,099 shares during the last quarter. Wellington Management Group LLP acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $21,099,000. Bank of America Corp DE purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $1,167,458,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of the firm’s 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 directly owned 288 shares of the company’s stock, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. 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. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Susquehanna lifted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. TD Cowen reduced their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. UBS Group reissued a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.30.

NXP Semiconductors Stock Down 1.2%

NXPI opened at $234.92 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $59.24 billion, a P/E ratio of 20.04, a PEG ratio of 0.80 and a beta of 1.80. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The business’s fifty day simple moving average is $230.20 and its 200 day simple moving average is $257.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted $2.72 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.56%.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.