Narwhal Capital Management Buys New Shares in NXP Semiconductors N.V. $NXPI

Narwhal Capital Management purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,510 shares of the semiconductor provider’s stock, valued at approximately $596,000.

Other large investors have also made changes to their positions in the company. Gamco Investors INC. ET AL lifted its position in shares of 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. Howard Financial Services LTD. boosted its stake in NXP Semiconductors by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC grew its position in NXP Semiconductors by 0.7% during 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 in the last quarter. Chicago Partners Investment Group LLC grew its position 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. Finally, Allied Private Wealth LLC purchased a new position in NXP Semiconductors during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $261.56 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. The stock has a market cap of $65.93 billion, a P/E ratio of 20.56, a P/E/G ratio of 0.87 and a beta of 1.83. The firm has a 50 day simple moving average of $237.49 and a 200 day simple moving average of $246.78. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate 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 was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.11 earnings per share. Research analysts anticipate that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to buy back $5 billion in outstanding shares. This repurchase authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Stock repurchase plans 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 dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.6%. NXP Semiconductors’s dividend payout ratio (DPR) is 31.92%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’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 transaction, the executive vice president directly 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, Director Anthony Foxx sold 400 shares of the business’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 transaction, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This represents a 11.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,755 shares of company stock valued at $1,136,680 in the last quarter. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. UBS Group cut NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $305.00 to $270.00 in a research report on Monday, August 3rd. Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. TD Cowen lifted their price target on NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Truist Financial dropped their price target on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

NXP Semiconductors 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.