Penserra Capital Management LLC Sells 48,452 Shares of NXP Semiconductors (NASDAQ:NXPI)

Penserra Capital Management LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 76.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,793 shares of the semiconductor provider’s stock after selling 48,452 shares during the period. Penserra Capital Management LLC’s holdings in NXP Semiconductors were worth $3,550,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. SVB Wealth LLC grew its stake 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 in the last quarter. Bayesian Capital Management LP purchased a new position in shares of NXP Semiconductors in the first quarter valued at $888,000. Dynasty Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 1st quarter valued at $384,000. B. Riley Wealth Advisors Inc. lifted its holdings in NXP Semiconductors by 0.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,482 shares of the semiconductor provider’s stock worth $2,597,000 after purchasing an additional 87 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in NXP Semiconductors by 5.4% in the 1st quarter. California State Teachers Retirement System now owns 386,552 shares of the semiconductor provider’s stock worth $95,776,000 after purchasing an additional 19,799 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $233.85 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm’s fifty day simple moving average is $233.61 and its 200 day simple moving average is $251.21. The stock has a market cap of $59.43 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 4.55 and a beta of 1.49. NXP Semiconductors has a twelve month low of $198.00 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results 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 company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Insider Buying and Selling

In related 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 transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Oppenheimer cut 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 report on Wednesday, November 6th. Loop Capital assumed coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. The Goldman Sachs Group lowered their price objective on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $274.14.

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.