Loomis Sayles & Co. L P Has $38.51 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Loomis Sayles & Co. L P reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,455 shares of the semiconductor provider’s stock after selling 4,968 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.06% of NXP Semiconductors worth $38,511,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in shares of NXP Semiconductors in the second quarter worth $27,000. Addison Advisors LLC raised its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares in the last quarter. Beacon Capital Management LLC increased its holdings in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of several analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Loop Capital started 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. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research report on Friday. They issued an “overweight” rating and a $250.00 price target for the company. Needham & Company LLC reduced their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $233.85 on Tuesday. The business has a 50 day simple moving average of $233.61 and a 200 day simple moving average of $251.21. NXP Semiconductors has a one year low of $198.00 and a one year high of $296.08. The company has a market capitalization of $59.43 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 4.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its 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. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.65%.

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.