Letko Brosseau & Associates Inc. Acquires 2,075 Shares of NXP Semiconductors N.V. $NXPI

Letko Brosseau & Associates Inc. bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,075 shares of the semiconductor provider’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL increased its stake in shares of 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 period. Howard Financial Services LTD. raised its holdings in shares of NXP Semiconductors by 2.9% in the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after acquiring an additional 49 shares in the last quarter. Ballast Advisors LLC raised its holdings in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after acquiring an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after acquiring an additional 69 shares during the period. Finally, Allied Private Wealth LLC purchased a new stake in NXP Semiconductors in the second quarter worth about $28,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 0.8%

NXPI stock opened at $267.29 on Friday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The firm has a 50 day moving average of $239.21 and a 200 day moving average of $247.15. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $67.37 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.83.

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 business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.11 EPS. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This repurchase authorization allows the semiconductor provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The business also recently disclosed 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 was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 31.92%.

Insiders Place Their Bets

In other news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors 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 transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at $69,120. The trade was a 92.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This represents a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,755 shares of company stock worth $1,136,680. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Thursday, October 29th. Bank of America reaffirmed a “neutral” rating and issued a $280.00 price target on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Finally, Susquehanna increased their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Sixteen 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’s stock. Based on data from MarketBeat.com, NXP Semiconductors 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.