Narwhal Capital Management Purchases New Position in NXP Semiconductors N.V. $NXPI

Narwhal Capital Management acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, Holdings Channel reports. The institutional investor acquired 2,510 shares of the semiconductor provider’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after acquiring an additional 45 shares during the last quarter. Howard Financial Services LTD. grew its position in NXP Semiconductors by 2.9% in the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after acquiring an additional 49 shares in the last quarter. Ballast Advisors LLC increased its stake in shares of NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after purchasing an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 69 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at $28,000. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,755 shares of company stock valued at $1,136,680 in the last quarter. Insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NXPI shares. Oppenheimer lifted 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. Truist Financial decreased their price objective on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Citigroup cut their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, October 28th. Finally, Mizuho reduced their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

NXP Semiconductors Trading Up 2.0%

Shares of NXPI stock opened at $261.56 on Wednesday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market cap of $65.93 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. The company has a quick ratio of 1.47, a current ratio of 2.12 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $237.49 and its two-hundred day moving average is $246.78.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. NXP Semiconductors’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.11 earnings per share. Equities analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 27th that authorizes the company to repurchase $5 billion in shares. This repurchase authorization authorizes the semiconductor provider to buy shares of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a $1.0140 dividend. This represents a $4.06 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 31.92%.

About NXP Semiconductors

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.