NXP Semiconductors N.V. $NXPI Shares Newly Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, Holdings Channel.com reports. The fund bought 17,192 shares of the semiconductor provider’s stock, valued at approximately $4,084,000.

A number of other institutional investors have also made changes to their positions in NXPI. BlackRock Inc. bought a new position in shares of NXP Semiconductors in the second quarter valued at about $6,716,412,000. State Street Corp lifted its stake in shares of NXP Semiconductors by 6.4% during the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after buying an additional 702,099 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $21,099,000. Bank of America Corp DE bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $1,169,846,000. Finally, Van ECK Associates Corp bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $1,167,458,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction dated Thursday, October 1st. The shares were 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 in the company, valued at $69,120. This represents a 92.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the completion of the transaction, the director directly owned 2,942 shares in the company, valued at approximately $775,511.20. This represents a 11.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,755 shares of company stock valued at $1,136,680 over the last quarter. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $269.51 on Thursday. The stock has a market capitalization of $67.93 billion, a PE ratio of 21.19, a P/E/G ratio of 0.88 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. The business has a fifty day moving average price of $238.43 and a two-hundred day moving average price of $246.97. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.11 EPS. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 27th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is 31.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen raised their price objective on shares of NXP Semiconductors from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Truist Financial lowered their target price on NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Thursday, October 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $295.78.

NXP Semiconductors Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.