Bourgeon Capital Management LLC Acquires New Shares in NXP Semiconductors N.V. $NXPI

Bourgeon Capital Management LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,751 shares of the semiconductor provider’s stock, valued at approximately $1,310,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $453,050,000. Boston Partners lifted its stake in NXP Semiconductors by 73.6% in the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after purchasing an additional 884,403 shares during the last quarter. Rafferty Asset Management LLC boosted its position in NXP Semiconductors by 56.3% in the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after buying an additional 690,277 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of NXP Semiconductors by 104.3% during the second quarter. California Public Employees Retirement System now owns 912,463 shares of the semiconductor provider’s stock worth $199,364,000 after buying an additional 465,820 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of NXP Semiconductors by 1,266.9% during the second quarter. American Century Companies Inc. now owns 319,720 shares of the semiconductor provider’s stock worth $69,856,000 after buying an additional 296,330 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 target price on NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Arete Research lifted their price target on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research note on Monday, December 8th. Arete boosted their price target on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Stifel Nicolaus set a $215.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Trading Up 1.9%

NASDAQ NXPI opened at $221.28 on Friday. The firm has a market capitalization of $55.69 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.73 and a beta of 1.46. The business’s 50-day moving average price is $212.24 and its two-hundred day moving average price is $219.33. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.NXP Semiconductors’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 earnings per share. On average, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 50.25%.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern acquired 225 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average cost of $225.48 per share, with a total value of $50,733.00. Following the transaction, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the completion of the transaction, the executive vice president directly owned 19,175 shares in the company, valued at $3,969,416.75. This represents a 30.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

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.