19,065 Shares in NXP Semiconductors N.V. $NXPI Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel reports. The firm purchased 19,065 shares of the semiconductor provider’s stock, valued at approximately $4,528,000.

A number of other large investors also recently modified their holdings of NXPI. Gamco Investors INC. ET AL raised its holdings in shares of NXP Semiconductors by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. Howard Financial Services LTD. grew its stake in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after purchasing an additional 49 shares in the last quarter. Ballast Advisors LLC grew its stake in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after purchasing an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after buying an additional 69 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the second quarter valued at $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of analyst reports. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Bank of America reaffirmed a “neutral” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Stifel Nicolaus cut their target price on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. Finally, UBS Group lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $305.00 to $270.00 in a research report on Monday, August 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated 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 owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,755 shares of company stock worth $1,136,680. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $248.29 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. The firm’s fifty day moving average price is $236.09 and its 200 day moving average price is $246.54. The company has a market capitalization of $62.58 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $3.11 EPS. NXP Semiconductors’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 31.84%.

NXP Semiconductors announced that its board has authorized a stock buyback plan on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Share repurchase plans are often a sign that the company’s management believes its shares are undervalued.

NXP Semiconductors Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.