4,243 Shares of NXP Semiconductors N.V. $NXPI Bought by Harrell Investment Partners LLC

Harrell Investment Partners LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, Holdings Channel.com reports. The fund bought 4,243 shares of the semiconductor provider’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in NXP Semiconductors in the 2nd quarter valued at approximately $6,716,412,000. State Street Corp boosted its holdings in shares of NXP Semiconductors by 6.4% in 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 in the last quarter. Invesco Ltd. increased 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 valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Bank of America Corp DE bought a new position in shares of NXP Semiconductors in the second quarter valued at about $1,169,846,000. Finally, Van ECK Associates Corp bought a new position in shares of NXP Semiconductors in the second quarter worth about $1,167,458,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 4.6%

Shares of NXP Semiconductors stock opened at $231.09 on Friday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a market capitalization of $58.27 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.75 and a beta of 1.80. The business has a fifty day simple moving average of $230.15 and a two-hundred day simple moving average 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 (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (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 company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.56%.

Insider Activity at NXP Semiconductors

In related 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 directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the 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 sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was 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. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group restated a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Morgan Stanley increased their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.91.

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.