MBL Wealth LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

MBL Wealth LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, Holdings Channel reports. The institutional investor acquired 3,634 shares of the semiconductor provider’s stock, valued at approximately $863,000.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $6,716,412,000. Wellington Management Group LLP purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $21,099,000. Bank of America Corp DE purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $1,169,846,000. Van ECK Associates Corp purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $1,167,458,000. Finally, Jupiter Topco LLC acquired a new position in NXP Semiconductors in the 2nd quarter worth about $742,385,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI opened at $234.92 on Friday. The firm’s fifty day simple moving average is $230.20 and its two-hundred day simple moving average is $257.46. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 0.81 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid 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 yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NXPI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Stifel Nicolaus cut their price objective on NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, October 5th. TD Cowen cut their price objective on NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Morgan Stanley upped their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $302.30.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’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 transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. The trade was a 92.09% 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. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Company 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.