Robeco Institutional Asset Management B.V. Buys New Stake in NXP Semiconductors N.V. $NXPI

Robeco Institutional Asset Management B.V. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 368,381 shares of the semiconductor provider’s stock, valued at approximately $87,502,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $21,099,000. Bank of America Corp DE acquired a new stake in NXP Semiconductors during the 2nd quarter worth $1,169,846,000. Van ECK Associates Corp purchased a new stake in NXP Semiconductors in the second quarter valued at $1,167,458,000. Finally, Jupiter Topco LLC purchased a new stake in NXP Semiconductors in the second quarter valued at $742,385,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $242.36 on Thursday. 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 company has a market capitalization of $61.11 billion, a P/E ratio of 20.68, a PEG ratio of 0.81 and a beta of 1.80. The business has a 50 day simple moving average of $230.08 and a 200-day simple moving average of $257.31. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 34.56%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 NXP Semiconductors stock in a transaction 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 completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Key NXP Semiconductors News

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here’s Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Oppenheimer upped their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $302.30.

About NXP Semiconductors

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.