Ethic Inc. Purchases New Shares in NXP Semiconductors N.V. $NXPI

Ethic Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,188 shares of the semiconductor provider’s stock, valued at approximately $2,183,000.

Several other institutional investors have also added to or reduced their stakes in NXPI. BlackRock Inc. bought a new stake in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. State Street Corp grew its position in shares of NXP Semiconductors by 6.4% during the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after purchasing an additional 702,099 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $21,099,000. Bank of America Corp DE bought a new position in shares of NXP Semiconductors during the second quarter worth approximately $1,169,846,000. Finally, Van ECK Associates Corp bought a new position in shares of NXP Semiconductors during the second quarter worth approximately $1,167,458,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of analyst reports. TD Cowen raised their price objective on NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. UBS Group cut NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $305.00 to $270.00 in a report on Monday, August 3rd. Stifel Nicolaus cut their target price on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Finally, Evercore reissued an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $295.78.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s 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 completion of the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the 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 transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. This trade represents 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. Over the last 90 days, insiders sold 4,755 shares of company stock valued at $1,136,680. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Up 3.0%

NASDAQ NXPI opened at $269.51 on Thursday. The business has a fifty day moving average price of $238.43 and a two-hundred day moving average price of $246.97. 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 fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a market capitalization of $67.93 billion, a PE ratio of 21.19, a PEG ratio of 0.88 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share 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 firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $3.11 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Equities analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid 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 yield of 1.5%. NXP Semiconductors’s payout ratio is presently 31.92%.

NXP Semiconductors announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in outstanding shares. This repurchase authorization authorizes the semiconductor provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its stock is undervalued.

About NXP Semiconductors

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.