NXP Semiconductors N.V. $NXPI Stake Cut by Core Alternative Capital

Core Alternative Capital lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 83.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,807 shares of the semiconductor provider’s stock after selling 14,197 shares during the quarter. Core Alternative Capital’s holdings in NXP Semiconductors were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NXPI. Shelton Capital Management boosted its position in NXP Semiconductors by 16.1% during the 2nd quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock valued at $18,217,000 after purchasing an additional 11,577 shares during the period. Alberta Investment Management Corp acquired a new stake in NXP Semiconductors in the second quarter worth $3,540,000. Vantage Investment Partners LLC lifted its stake in NXP Semiconductors by 5.2% in the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock valued at $7,471,000 after buying an additional 1,675 shares during the last quarter. CCLA Investment Management lifted its stake in NXP Semiconductors by 6.5% in the second quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock valued at $119,121,000 after buying an additional 33,112 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of NXP Semiconductors by 13.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after acquiring an additional 7,034 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.7%

Shares of NXP Semiconductors stock opened at $229.42 on Wednesday. The business has a fifty day simple moving average of $222.90 and a 200-day simple moving average of $221.01. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The firm has a market cap of $57.74 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.89 and a beta of 1.46. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.NXP Semiconductors’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.45 earnings per share. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.25%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Citigroup raised their price target on shares of NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Stifel Nicolaus set a $215.00 price objective on NXP Semiconductors in a report on Tuesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Finally, Barclays reiterated an “overweight” rating and set a $255.00 price target on shares of NXP Semiconductors in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $259.29.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 23,097 shares of company stock worth $5,003,058. 0.12% of the stock is owned by insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.