Generate Investment Management Ltd Acquires 39,207 Shares of NXP Semiconductors N.V. $NXPI

Generate Investment Management Ltd bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 39,207 shares of the semiconductor provider’s stock, valued at approximately $9,313,000.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of NXP Semiconductors in the second quarter worth $6,716,412,000. Wellington Management Group LLP acquired a new position in NXP Semiconductors in the second quarter valued at about $21,099,000. Bank of America Corp DE acquired a new position in NXP Semiconductors in the second quarter valued at about $1,169,846,000. Van ECK Associates Corp bought a new stake in NXP Semiconductors during the second quarter worth about $1,167,458,000. Finally, Jupiter Topco LLC bought a new stake in NXP Semiconductors during the second quarter worth about $742,385,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NXPI shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Oppenheimer boosted their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.91.

Insider Buying and Selling

In other news, EVP Christopher Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were 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 in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 NXP Semiconductors 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 sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Price Performance

Shares of NXPI stock traded down $5.61 on Wednesday, hitting $220.72. 1,004,430 shares of the company’s stock were exchanged, compared to its average volume of 3,508,335. 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 12 month low of $183.00 and a 12 month high of $339.95. The stock has a market cap of $55.66 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.80. The company has a 50 day moving average of $230.37 and a 200 day moving average of $255.70.

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

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a $1.0140 dividend. 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 1.8%. NXP Semiconductors’s dividend payout ratio is 34.64%.

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.