Fmr LLC Sells 544,320 Shares of NXP Semiconductors (NASDAQ:NXPI)

Fmr LLC trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,998,013 shares of the semiconductor provider’s stock after selling 544,320 shares during the period. Fmr LLC owned approximately 0.10% of NXP Semiconductors worth $5,999,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. SVB Wealth LLC grew its holdings in NXP Semiconductors by 6.2% in the 1st quarter. SVB Wealth LLC now owns 2,670 shares of the semiconductor provider’s stock valued at $662,000 after buying an additional 156 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in NXP Semiconductors in the 1st quarter worth $888,000. Dynasty Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 1st quarter worth about $384,000. B. Riley Wealth Advisors Inc. raised its position in shares of NXP Semiconductors by 0.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,482 shares of the semiconductor provider’s stock valued at $2,597,000 after buying an additional 87 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of NXP Semiconductors by 5.4% in the first quarter. California State Teachers Retirement System now owns 386,552 shares of the semiconductor provider’s stock valued at $95,776,000 after buying an additional 19,799 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $233.85 on Tuesday. The stock’s fifty day moving average is $233.61 and its 200-day moving average is $251.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock has a market capitalization of $59.43 billion, a PE ratio of 22.31, a PEG ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company posted $3.31 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. Evercore ISI decreased their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.