Crescent Grove Advisors LLC Sells 65 Shares of NXP Semiconductors (NASDAQ:NXPI)

Crescent Grove Advisors LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,962 shares of the semiconductor provider’s stock after selling 65 shares during the quarter. Crescent Grove Advisors LLC’s holdings in NXP Semiconductors were worth $473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. ASB Consultores LLC lifted its stake in NXP Semiconductors by 8.2% during the 3rd quarter. ASB Consultores LLC now owns 1,562 shares of the semiconductor provider’s stock valued at $375,000 after acquiring an additional 118 shares during the period. Martin Investment Management LLC lifted its position in NXP Semiconductors by 3.1% during the third quarter. Martin Investment Management LLC now owns 33,169 shares of the semiconductor provider’s stock valued at $7,961,000 after purchasing an additional 993 shares during the period. QRG Capital Management Inc. boosted its holdings in NXP Semiconductors by 9.1% in the third quarter. QRG Capital Management Inc. now owns 2,635 shares of the semiconductor provider’s stock valued at $632,000 after purchasing an additional 220 shares during the last quarter. Asset Management One Co. Ltd. grew its position in NXP Semiconductors by 1.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 95,949 shares of the semiconductor provider’s stock worth $23,029,000 after purchasing an additional 912 shares during the period. Finally, National Pension Service raised its stake in shares of NXP Semiconductors by 11.3% during the 3rd quarter. National Pension Service now owns 814,952 shares of the semiconductor provider’s stock valued at $195,597,000 after buying an additional 82,853 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXPI stock opened at $231.38 on Thursday. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. The business has a fifty day moving average of $236.43 and a two-hundred day moving average of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results 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 34.11% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the company earned $3.31 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NXPI. The Goldman Sachs Group cut their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group decreased their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday. Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.85.

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.