7,022 Shares in NXP Semiconductors N.V. $NXPI Bought by Howard Capital Management LLC

Howard Capital Management LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, Holdings Channel.com reports. The fund bought 7,022 shares of the semiconductor provider’s stock, valued at approximately $1,668,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Investment Management Group Inc. purchased a new position in shares of NXP Semiconductors during the third quarter worth $256,000. Goldstein Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $231,000. NFSG Corp acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $33,000. Activest Wealth Management purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $39,000. Finally, Harrell Investment Partners LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $1,008,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $229.33 on Friday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a market capitalization of $57.83 billion, a PE ratio of 19.57, a PEG ratio of 0.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a 50-day simple moving average of $229.94 and a 200-day simple moving average of $255.96.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm earned $2.72 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts predict that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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 $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NXPI shares. Oppenheimer increased their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Finally, Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors 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 Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the 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 directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

About NXP Semiconductors

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.