7,164 Shares in NXP Semiconductors N.V. $NXPI Acquired by Brighton Jones LLC

Brighton Jones LLC acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, HoldingsChannel reports. The firm acquired 7,164 shares of the semiconductor provider’s stock, valued at approximately $1,702,000.

A number of other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $1,126,000. Ieq Capital LLC bought a new position in NXP Semiconductors during the 2nd quarter valued at $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors during the 2nd quarter valued at $6,716,412,000. The Manufacturers Life Insurance Company purchased a new position in NXP Semiconductors during the 2nd quarter worth $36,657,000. Finally, GAMMA Investing LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth $1,143,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.0%

NASDAQ NXPI opened at $261.56 on Wednesday. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. 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 business’s fifty day moving average is $237.49 and its 200-day moving average is $246.78.

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

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is presently 31.92%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred 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 completion of the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% 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. Insiders have sold a total of 4,755 shares of company stock worth $1,136,680 over the last three months. 0.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NXPI has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Wall Street Zen lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. KeyCorp cut their price target on shares of NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Citigroup reduced their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. Finally, Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, October 28th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.78.

NXP Semiconductors Company 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.