MBL Wealth LLC Acquires New Holdings in NXP Semiconductors N.V. $NXPI

MBL Wealth LLC 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 3,634 shares of the semiconductor provider’s stock, valued at approximately $863,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Old North State Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth $1,264,000. Royal Fund Management LLC purchased a new stake in NXP Semiconductors during the third quarter valued at $1,947,000. Brookstone Capital Management bought a new position in NXP Semiconductors during the third quarter valued at $351,000. SeaCrest Wealth Management LLC bought a new position in NXP Semiconductors during the third quarter valued at $248,000. Finally, Root Financial Partners LLC bought a new position in NXP Semiconductors during the third quarter valued at $348,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $234.92 on Friday. The firm has a market capitalization of $59.24 billion, a PE ratio of 20.04, a PEG ratio of 0.81 and a beta of 1.80. The stock’s fifty day moving average is $230.20 and its 200 day moving average is $257.46. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week 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.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping 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 company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company 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. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Morgan Stanley upped their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen lowered their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, October 19th. Finally, Stifel Nicolaus dropped their price target on NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.30.

Insider Activity

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s 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 directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors 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 transaction, the executive vice president owned 288 shares of the company’s stock, valued at approximately $69,120. This represents a 92.09% 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 currently owned by company 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.