3,949 Shares of NXP Semiconductors N.V. $NXPI Acquired by Caldwell Trust Co

Caldwell Trust Co bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,949 shares of the semiconductor provider’s stock, valued at approximately $938,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 3Chopt Investment Partners LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $412,000. Rakuten Investment Management Inc. bought a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $25,059,000. Provenance Wealth Advisors LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $1,402,000. Oregon Public Employees Retirement Fund purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $7,364,000. Finally, ARGA Investment Management LP purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $22,601,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Thursday, October 29th. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, October 28th. Mizuho lowered their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. KeyCorp lowered their price objective 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, Truist Financial dropped their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Sixteen 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.78.

NXP Semiconductors Stock Down 7.8%

Shares of NASDAQ:NXPI opened at $244.43 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $235.65 and a two-hundred day simple moving average of $246.45. 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 $61.61 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.90 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 EPS for the quarter, topping 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 firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the firm posted $3.11 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.81 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. Stockholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 31.92%.

NXP Semiconductors announced that its board has approved a share buyback plan on Tuesday, October 27th that permits the company to buy back $5 billion in outstanding shares. This buyback authorization permits the semiconductor provider to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were 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. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 owned 288 shares of the company’s stock, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

About NXP Semiconductors

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.