4,306 Shares of NXP Semiconductors N.V. $NXPI Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. purchased a new position in 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 (SEC). The institutional investor purchased 4,306 shares of the semiconductor provider’s stock, valued at approximately $1,023,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter worth approximately $6,716,412,000. State Street Corp raised its stake in NXP Semiconductors by 6.4% during the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after acquiring an additional 702,099 shares during the period. Wellington Management Group LLP bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $21,099,000. Bank of America Corp DE bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,169,846,000. Finally, Van ECK Associates Corp purchased a new position in NXP Semiconductors during the second quarter valued at approximately $1,167,458,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Bank of America restated a “neutral” rating and set a $280.00 target price on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Wall Street Zen lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Citigroup cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $295.78.

NXP Semiconductors Trading Up 3.0%

NXPI stock opened at $269.51 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The business has a 50 day simple moving average of $238.43 and a two-hundred day simple moving average of $246.97. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.88 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.11 earnings per share. Research analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders 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 annualized dividend and a yield of 1.5%. NXP Semiconductors’s payout ratio is presently 31.92%.

NXP Semiconductors declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This buyback authorization permits the semiconductor provider to reacquire shares of its stock through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the completion of the sale, the director owned 2,942 shares in the company, valued at $775,511.20. This represents a 11.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,755 shares of company stock valued at $1,136,680 in the last 90 days. Insiders own 0.05% of the company’s stock.

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.