NXP Semiconductors (NASDAQ:NXPI) Stock Position Cut by Palouse Capital Management Inc.

Palouse Capital Management Inc. trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,867 shares of the semiconductor provider’s stock after selling 330 shares during the quarter. Palouse Capital Management Inc.’s holdings in NXP Semiconductors were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norden Group LLC acquired a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $1,775,000. Bessemer Group Inc. boosted its stake in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares in the last quarter. M&G Plc acquired a new position in shares of NXP Semiconductors in the 1st quarter worth $65,830,000. Maryland State Retirement & Pension System acquired a new stake in shares of NXP Semiconductors during the first quarter worth $3,089,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 34.1% during the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after purchasing an additional 436 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Down 2.3 %

Shares of NXPI traded down $5.38 during trading hours on Monday, hitting $228.07. 717,926 shares of the company were exchanged, compared to its average volume of 2,253,204. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $58.31 billion, a PE ratio of 21.56, a PEG ratio of 2.63 and a beta of 1.49. The firm’s 50 day moving average is $239.56 and its 200-day moving average is $253.01. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.78%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TD Cowen dropped their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Morgan Stanley cut their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction 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 directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Company 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.