NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Washington Capital Management Inc.

Washington Capital Management Inc. trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.5% during the third quarter, HoldingsChannel reports. The fund owned 3,280 shares of the semiconductor provider’s stock after selling 50 shares during the quarter. Washington Capital Management Inc.’s holdings in NXP Semiconductors were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the first quarter worth about $25,000. Family Firm Inc. acquired a new position in NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC grew its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares during the period. Valley National Advisers Inc. grew its position in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares during the period. Finally, Rise Advisors LLC acquired a new position in NXP Semiconductors during the first quarter worth about $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NXPI. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the company from $275.00 to $285.00 in a report on Monday, October 7th. Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday. They issued a $288.00 price target on the stock. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.40.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on 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 owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Trading Down 3.5 %

NASDAQ:NXPI traded down $8.42 during trading hours on Tuesday, reaching $235.02. 1,308,637 shares of the company were exchanged, compared to its average volume of 2,260,104. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market cap of $60.09 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The stock has a 50 day simple moving average of $240.00 and a 200 day simple moving average of $253.34.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

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.