Greenfield Savings Bank Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Greenfield Savings Bank bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,456 shares of the semiconductor provider’s stock, valued at approximately $583,000.

A number of other institutional investors have also recently bought and sold shares of NXPI. MCF Advisors LLC increased its position in shares of NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after acquiring an additional 43 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in 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 acquiring an additional 45 shares in the last quarter. CNB Bank boosted its stake in NXP Semiconductors by 48.8% in the 4th quarter. CNB Bank now owns 180 shares of the semiconductor provider’s stock worth $39,000 after purchasing an additional 59 shares during the period. Ballast Advisors LLC boosted its stake in NXP Semiconductors by 0.7% in the 1st 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 during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were 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 represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 NXP Semiconductors 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 completion of the transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. 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. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 3.7%

Shares of NASDAQ NXPI traded down $9.16 during mid-day trading on Wednesday, hitting $235.22. The company had a trading volume of 2,927,779 shares, compared to its average volume of 3,531,441. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The firm has a 50-day simple moving average of $230.89 and a two-hundred day simple moving average of $254.78. The company has a market capitalization of $59.31 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.82 and a beta of 1.80. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.72 earnings per share. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued 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 is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NXPI. Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Susquehanna increased their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Morgan Stanley boosted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Finally, Wells Fargo & Company decreased their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.91.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.