Mutual of America Capital Management LLC Sells 880 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mutual of America Capital Management LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,880 shares of the semiconductor provider’s stock after selling 880 shares during the period. Mutual of America Capital Management LLC’s holdings in NXP Semiconductors were worth $8,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Drive Wealth Management LLC increased its holdings in NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC increased its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Patten Group Inc. increased its holdings in NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares during the last quarter. West Paces Advisors Inc. increased its holdings in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after buying an additional 45 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI opened at $220.19 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a 50 day moving average price of $233.94 and a 200-day moving average price of $252.43. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The stock has a market capitalization of $55.96 billion, a PE ratio of 21.01, a PEG ratio of 4.36 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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 net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm earned $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts predict that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research reports. Susquehanna reduced their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Truist Financial reduced their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $276.76.

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.