Triad Investment Management Acquires Shares of 12,586 NXP Semiconductors N.V. $NXPI

Triad Investment Management acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,586 shares of the semiconductor provider’s stock, valued at approximately $2,732,000. NXP Semiconductors makes up about 2.8% of Triad Investment Management’s investment portfolio, making the stock its 17th biggest position.

Several other large investors also recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $26,000. CNB Bank acquired a new position in NXP Semiconductors during the 3rd quarter worth about $28,000. Wexford Capital LP bought a new stake in NXP Semiconductors during the 3rd quarter worth about $31,000. Kelleher Financial Advisors bought a new stake in NXP Semiconductors during the 3rd quarter worth about $31,000. Finally, Delos Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $35,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $195.58 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.36. The company has a market cap of $49.42 billion, a PE ratio of 24.63, a PEG ratio of 0.88 and a beta of 1.46. The company’s 50-day moving average is $217.70 and its two-hundred day moving average is $218.50.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. NXP Semiconductors’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.18 EPS. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 25th. NXP Semiconductors’s payout ratio is currently 51.13%.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NXPI shares. TD Cowen reduced their target price on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Bank of America lowered their price target on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Mizuho dropped their price objective on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Citigroup reduced their price objective on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $253.67.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.