Nvwm LLC Sells 85 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nvwm LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,223 shares of the semiconductor provider’s stock after selling 85 shares during the period. Nvwm LLC’s holdings in NXP Semiconductors were worth $878,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after buying an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares in the last quarter. International Assets Investment Management LLC increased its holdings in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NXPI shares. Needham & Company LLC dropped their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Morgan Stanley cut their target price on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $268.15.

NXP Semiconductors Price Performance

NXPI stock opened at $202.40 on Wednesday. The firm has a 50 day moving average of $214.68 and a 200-day moving average of $230.36. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $51.44 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 earnings per share. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

NXP Semiconductors Profile

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.