Traub Capital Management LLC Acquires 2,054 Shares of NXP Semiconductors N.V. $NXPI

Traub Capital Management LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,054 shares of the semiconductor provider’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Phoenix Financial Ltd. acquired a new position in NXP Semiconductors in the third quarter valued at $749,000. Act Two Investors LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $282,000. Danske Bank A S acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $28,011,000. Diversified Trust Co acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $607,000. Finally, BankPlus Trust Department bought a new position in shares of NXP Semiconductors in the 3rd quarter worth about $1,044,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.8%

NASDAQ NXPI traded down $2.20 on Friday, hitting $265.09. 4,320,601 shares of the company were exchanged, compared to its average volume of 5,620,579. The company has a market cap of $66.82 billion, a PE ratio of 20.84, a PEG ratio of 0.90 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. The stock has a fifty day moving average of $240.01 and a 200-day moving average of $247.33. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $3.11 earnings per share. As a group, analysts forecast that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

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 dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 31.92%.

NXP Semiconductors announced that its board has approved a stock repurchase program on Tuesday, October 27th that allows the company to repurchase $5 billion in shares. This buyback authorization allows the semiconductor provider to buy shares of its stock through open market purchases. Share buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXPI shares. Citigroup lowered their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research 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. Morgan Stanley decreased their target price on NXP Semiconductors from $338.00 to $313.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. KeyCorp lowered their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of NXP Semiconductors in a report on Monday, October 26th. Sixteen 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 1,643 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $266.49, for a total transaction of $437,843.07. Following the completion of the sale, the executive vice president owned 4,064 shares in the company, valued at approximately $1,083,015.36. The trade was a 28.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director owned 2,942 shares in the company, valued at approximately $775,511.20. The trade was a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,398 shares of company stock worth $1,574,523. 0.05% of the stock is currently owned by insiders.

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.