Rockefeller Capital Management L.P. cut its position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,727 shares of the semiconductor provider’s stock after selling 270 shares during the period. Rockefeller Capital Management L.P.’s holdings in NXP Semiconductors were worth $5,270,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of NXP Semiconductors by 146.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,353,534 shares of the semiconductor provider’s stock valued at $1,680,664,000 after buying an additional 6,744,875 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NXP Semiconductors by 5.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,236,968 shares of the semiconductor provider’s stock worth $1,367,349,000 after purchasing an additional 467,368 shares in the last quarter. FMR LLC grew its stake in shares of NXP Semiconductors by 2.1% during the second quarter. FMR LLC now owns 21,809,364 shares of the semiconductor provider’s stock valued at $3,228,439,000 after purchasing an additional 456,733 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of NXP Semiconductors by 267.9% in the second quarter. Renaissance Technologies LLC now owns 327,788 shares of the semiconductor provider’s stock valued at $48,522,000 after purchasing an additional 238,700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in NXP Semiconductors by 1,050.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 255,585 shares of the semiconductor provider’s stock worth $37,834,000 after buying an additional 233,372 shares in the last quarter. 88.70% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Needham & Company LLC lowered their target price on NXP Semiconductors from $225.00 to $200.00 in a research note on Tuesday, October 25th. UBS Group upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their target price for the company from $160.00 to $167.00 in a research report on Tuesday, January 10th. KeyCorp reduced their target price on shares of NXP Semiconductors from $260.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 2nd. Credit Suisse Group started coverage on shares of NXP Semiconductors in a research note on Tuesday, November 15th. They set a “neutral” rating and a $195.00 price target for the company. Finally, Barclays lowered shares of NXP Semiconductors from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $200.00 to $140.00 in a report on Monday, October 24th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.35.
NXP Semiconductors Trading Up 2.1 %
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last announced its earnings results on Monday, October 31st. The semiconductor provider reported $3.54 EPS for the quarter. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. NXP Semiconductors had a net margin of 20.62% and a return on equity of 52.30%. Sell-side analysts anticipate that NXP Semiconductors will post 12.95 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Thursday, December 15th were paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, December 14th. NXP Semiconductors’s payout ratio is presently 33.67%.
NXP Semiconductors Profile
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.
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