NXP Semiconductors N.V. $NXPI Shares Newly Acquired by Crumly & Associates Inc.

Crumly & Associates Inc. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,212 shares of the semiconductor provider’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC increased its holdings in NXP Semiconductors by 25.3% in the 4th 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 boosted its stake in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after buying an additional 45 shares during the last quarter. CNB Bank increased its position in NXP Semiconductors by 48.8% in the fourth quarter. CNB Bank now owns 180 shares of the semiconductor provider’s stock worth $39,000 after purchasing an additional 59 shares during the last quarter. Ballast Advisors LLC lifted its position in NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after purchasing an additional 61 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after buying an additional 69 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NXPI. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Wells Fargo & Company cut their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Sixteen equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.91.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, 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 value of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company’s stock, valued at $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on 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 directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. 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 owned by corporate insiders.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $10.18 during trading hours on Wednesday, reaching $234.20. The company’s stock had a trading volume of 1,162,468 shares, compared to its average volume of 3,521,994. The company’s 50-day moving average is $231.01 and its two-hundred day moving average is $254.48. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $59.06 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.82 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last announced 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 company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.72 EPS. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.0140 per share. 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 currently 34.64%.

NXP Semiconductors 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.