3,091 Shares in NXP Semiconductors N.V. $NXPI Acquired by Greenleaf Trust

Greenleaf Trust acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,091 shares of the semiconductor provider’s stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $1,126,000. Ieq Capital LLC acquired a new position in NXP Semiconductors during the second quarter worth $1,208,000. BlackRock Inc. acquired a new position in NXP Semiconductors during the second quarter worth $6,716,412,000. The Manufacturers Life Insurance Company purchased a new position in shares of NXP Semiconductors during the second quarter worth $36,657,000. Finally, Pure Financial Advisors LLC purchased a new position in shares of NXP Semiconductors during the second quarter worth $695,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. The sale 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 NXP Semiconductors stock in a transaction 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 sale, the executive vice president directly 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Up 0.8%

NXPI opened at $265.01 on Thursday. The business has a fifty day moving average price of $235.22 and a 200 day moving average price of $246.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The stock has a market capitalization of $66.80 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 0.89 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the company earned $3.11 EPS. NXP Semiconductors’s revenue for the quarter was up 19.3% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors declared that its board has approved a stock repurchase plan on Tuesday, October 27th that allows the company to buy back $5 billion in outstanding shares. This repurchase authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

NXP Semiconductors Announces Dividend

The company 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 was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s payout ratio is currently 31.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. TD Cowen lifted their price objective on NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Jefferies Financial Group decreased their target price on NXP Semiconductors from $370.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. UBS Group cut NXP Semiconductors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $305.00 to $270.00 in a report on Monday, August 3rd. KeyCorp dropped their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $295.78.

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.