NXP Semiconductors N.V. $NXPI Shares Newly Acquired by Millennium Capital Advisors LLC

Millennium Capital Advisors LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,896 shares of the semiconductor provider’s stock, valued at approximately $925,000.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $6,716,412,000. State Street Corp boosted its stake in shares of NXP Semiconductors by 6.4% during the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock valued at $3,298,932,000 after buying an additional 702,099 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $21,099,000. Invesco Ltd. grew its position in shares of NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of NXP Semiconductors during the second quarter worth approximately $1,169,846,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Wells Fargo & Company dropped their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped 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. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.91.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $69,120. This represents a 92.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction 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. This trade represents a 11.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $1.76 during trading on Friday, reaching $229.33. The stock had a trading volume of 4,575,847 shares, compared to its average volume of 3,314,961. 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 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market cap of $57.83 billion, a PE ratio of 19.57, a P/E/G ratio of 0.78 and a beta of 1.80. The firm’s 50 day moving average price is $229.94 and its two-hundred day moving average price is $255.96.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

NXP Semiconductors Company Profile

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.