Baldwin Investment Management LLC Reduces Holdings in NXP Semiconductors (NASDAQ:NXPI)

Baldwin Investment Management LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,707 shares of the semiconductor provider’s stock after selling 180 shares during the period. Baldwin Investment Management LLC’s holdings in NXP Semiconductors were worth $1,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its holdings in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Ameriprise Financial Inc. increased its position in NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after buying an additional 118,366 shares in the last quarter. Legal & General Group Plc raised its stake in shares of NXP Semiconductors by 1.6% in the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after buying an additional 35,104 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after buying an additional 80,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NXP Semiconductors by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock valued at $292,246,000 after acquiring an additional 127,607 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $228.66 on Wednesday. NXP Semiconductors has a 12-month low of $198.00 and a 12-month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $233.53 and a 200-day moving average price of $250.98. The firm has a market capitalization of $58.12 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 4.70 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts forecast that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced 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 1.77%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analysts Set New Price Targets

NXPI has been the topic of several analyst reports. The Goldman Sachs Group lowered 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 research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Truist Financial cut their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $274.14.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

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.