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

Swedbank AB lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 177,571 shares of the semiconductor provider’s stock after selling 702 shares during the period. Swedbank AB owned approximately 0.07% of NXP Semiconductors worth $42,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NXPI. Family Firm Inc. bought a new stake in NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC raised its holdings in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. lifted its position in shares of 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 acquiring an additional 52 shares in the last quarter. Fortitude Family Office LLC boosted 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 acquiring an additional 123 shares during the period. Finally, Beacon Capital Management LLC grew its position in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lowered their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, Susquehanna reduced their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Price Performance

NXPI stock opened at $226.38 on Monday. The firm has a market cap of $57.54 billion, a P/E ratio of 21.60, a P/E/G ratio of 4.55 and a beta of 1.49. The firm’s fifty day moving average is $233.53 and its 200 day moving average is $251.40. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. 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 Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the 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 completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.