Applied Finance Capital Management LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Applied Finance Capital Management LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the third quarter, Holdings Channel reports. The firm bought 7,612 shares of the semiconductor provider’s stock, valued at approximately $1,892,000.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $843,000. Empowered Funds LLC raised its stake in shares of NXP Semiconductors by 80.1% in the first quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider’s stock valued at $1,937,000 after purchasing an additional 3,478 shares in the last quarter. KCM Investment Advisors LLC raised its stake in shares of NXP Semiconductors by 12.2% in the first quarter. KCM Investment Advisors LLC now owns 1,954 shares of the semiconductor provider’s stock valued at $484,000 after purchasing an additional 213 shares in the last quarter. Montag A & Associates Inc. raised its stake in shares of NXP Semiconductors by 1.7% in the first quarter. Montag A & Associates Inc. now owns 5,945 shares of the semiconductor provider’s stock valued at $1,479,000 after purchasing an additional 100 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in NXP Semiconductors during the first quarter worth $237,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.9 %

NASDAQ NXPI opened at $233.89 on Friday. The firm has a market cap of $59.45 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.52. The stock’s 50-day moving average is $235.72 and its 200-day moving average is $253.17. NXP Semiconductors has a one year low of $179.64 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup increased their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Truist Financial lowered their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Needham & Company LLC decreased their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $275.60.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.