Drum Hill Capital LLC Makes New $2.31 Million Investment in NXP Semiconductors N.V. $NXPI

Drum Hill Capital LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, Holdings Channel reports. The fund acquired 9,712 shares of the semiconductor provider’s stock, valued at approximately $2,307,000. NXP Semiconductors accounts for 1.5% of Drum Hill Capital LLC’s portfolio, making the stock its 19th largest holding.

A number of other large investors also recently modified their holdings of the company. CWA Asset Management Group LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $4,374,000. Investment Research Partners LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $208,000. Novem Group purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $3,649,000. LexAurum Advisors LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $251,000. Finally, Kaufman Rossin Wealth LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $315,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen lowered their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $304.91.

NXP Semiconductors Trading Up 0.4%

Shares of NXPI stock opened at $230.19 on Tuesday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock’s 50-day moving average price is $229.88 and its 200-day moving average price is $256.68. The stock has a market capitalization of $58.04 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher Jensen sold 3,355 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.