STF Management LP Trims Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

STF Management LP reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,672 shares of the semiconductor provider’s stock after selling 426 shares during the period. STF Management LP’s holdings in NXP Semiconductors were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC boosted its stake in NXP Semiconductors by 224.2% in 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 during the period. Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 71.2% during 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 raised its position in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

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 shares were sold at an average price of $232.35, for a total value 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 $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several research analyst reports. TD Cowen cut their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC cut their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, Wells Fargo & Company assumed coverage on NXP Semiconductors in a research report on Friday. They set an “overweight” rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $224.37 on Friday. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 4.42 and a beta of 1.49. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08. The firm’s 50-day moving average is $233.60 and its 200 day moving average is $251.75. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. Research analysts predict that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

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.