KRS Capital Management LLC Purchases 2,439 Shares of NXP Semiconductors N.V. $NXPI

KRS Capital Management LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,439 shares of the semiconductor provider’s stock, valued at approximately $579,000.

A number of other hedge funds have also modified their holdings of the stock. CWS Financial Advisors LLC acquired a new stake in NXP Semiconductors during the third quarter valued at $487,000. Kintegral Advisory LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $2,647,000. Vontobel Holding Ltd. acquired a new position in NXP Semiconductors in the 3rd quarter worth about $58,215,000. TD Waterhouse Canada Inc. acquired a new position in NXP Semiconductors in the 3rd quarter worth about $34,000. Finally, Wealth Intelligence LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth about $473,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% 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. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Down 0.8%

NXPI stock opened at $229.33 on Friday. The firm has a market cap of $57.83 billion, a PE ratio of 19.57, a PEG ratio of 0.78 and a beta of 1.80. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a fifty day simple moving average of $229.94 and a 200 day simple moving average of $255.96. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.72 earnings per share. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho cut their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. Morgan Stanley boosted their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.