Swedbank AB Trims Position in NXP Semiconductors (NASDAQ:NXPI)

Swedbank AB cut its position in NXP Semiconductors (NASDAQ:NXPI) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,571 shares of the semiconductor provider’s stock after selling 702 shares during the period. Swedbank AB owned about 0.07% of NXP Semiconductors worth $42,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Bessemer Group Inc. grew its stake in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in NXP Semiconductors by 974.4% during the first quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock valued at $92,799,000 after acquiring an additional 339,678 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NXP Semiconductors by 1,882.8% during the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after acquiring an additional 326,197 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in NXP Semiconductors by 24.6% during the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after acquiring an additional 325,187 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 0.1 %

Shares of NXPI opened at $232.73 on Thursday. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The company has a 50-day moving average of $239.99 and a 200 day moving average of $253.09. The firm has a market capitalization of $59.51 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.58 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NXPI shares. Oppenheimer raised their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Barclays increased their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Cantor Fitzgerald lowered their price objective on shares of NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $291.40.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

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.