Confluence Investment Management LLC Makes New $33.92 Million Investment in NXP Semiconductors N.V. $NXPI

Confluence Investment Management LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 142,811 shares of the semiconductor provider’s stock, valued at approximately $33,922,000.

A number of other large investors have also recently added to or reduced their stakes in NXPI. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $28,000. Bell Investment Advisors Inc acquired a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Pingora Partners LLC bought a new position in shares of NXP Semiconductors during the second quarter worth about $35,000. Finally, SHP Wealth Management acquired a new stake in NXP Semiconductors in the 4th quarter valued at approximately $27,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company decreased their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $305.65.

NXP Semiconductors Price Performance

NXPI traded down $0.63 during trading on Thursday, hitting $236.90. 544,307 shares of the stock traded hands, compared to its average volume of 3,547,490. The business has a 50 day moving average price of $233.09 and a 200 day moving average price of $253.07. 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 N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a market cap of $59.74 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.80 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a $1.0140 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is currently 34.64%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.