Swedbank AB Sells 702 Shares of NXP Semiconductors (NASDAQ:NXPI)

Swedbank AB cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,571 shares of the semiconductor provider’s stock after selling 702 shares during the quarter. Swedbank AB’s holdings in NXP Semiconductors were worth $42,619,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NXPI. CreativeOne Wealth LLC boosted its position in shares of NXP Semiconductors by 4.5% during the first quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after buying an additional 47 shares during the last quarter. SVB Wealth LLC boosted its holdings in shares of NXP Semiconductors by 6.2% during the 1st quarter. SVB Wealth LLC now owns 2,670 shares of the semiconductor provider’s stock valued at $662,000 after acquiring an additional 156 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of NXP Semiconductors in the first quarter worth approximately $888,000. Oxford Wealth Group LLC purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $248,000. Finally, Dynasty Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $384,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. UBS Group lowered their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Barclays cut their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” 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. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $226.38 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock’s 50-day simple moving average is $233.53 and its 200-day simple moving average is $251.40. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business posted $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors will post 11.37 earnings per share 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. Investors of record on Thursday, December 5th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

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.