Connor Clark & Lunn Investment Management Ltd. Has $4.49 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 71.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,711 shares of the semiconductor provider’s stock after selling 46,576 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in NXP Semiconductors were worth $4,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CreativeOne Wealth LLC raised its position in NXP Semiconductors by 4.5% during the first quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after purchasing an additional 47 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of NXP Semiconductors by 5.6% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 6,739 shares of the semiconductor provider’s stock worth $1,670,000 after buying an additional 357 shares during the last quarter. SVB Wealth LLC boosted its stake in NXP Semiconductors by 6.2% in the first 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 bought a new position in NXP Semiconductors in the first quarter valued at about $888,000. Finally, Oxford Wealth Group LLC acquired a new position in NXP Semiconductors during the first quarter worth about $248,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 owns 30,269 shares in the company, 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 through this hyperlink. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

Shares of NXPI opened at $226.38 on Friday. The firm has a market cap of $57.54 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.51 and a beta of 1.49. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08. The business’s 50 day moving average price is $233.53 and its two-hundred day moving average price is $251.46. 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 released 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. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 EPS. On average, equities analysts anticipate 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. Investors of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday. They set an “overweight” rating and a $250.00 price target for the company. Barclays cut their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.