Quantinno Capital Management LP Sells 10,211 Shares of NXP Semiconductors (NASDAQ:NXPI)

Quantinno Capital Management LP lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 26.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,567 shares of the semiconductor provider’s stock after selling 10,211 shares during the period. Quantinno Capital Management LP’s holdings in NXP Semiconductors were worth $6,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NXPI. CWM LLC lifted its stake in NXP Semiconductors by 6.1% in the second quarter. CWM LLC now owns 4,395 shares of the semiconductor provider’s stock worth $1,183,000 after purchasing an additional 252 shares during the last quarter. OLD National Bancorp IN lifted its stake in NXP Semiconductors by 7.9% in the second quarter. OLD National Bancorp IN now owns 3,829 shares of the semiconductor provider’s stock worth $1,030,000 after purchasing an additional 281 shares during the last quarter. QRG Capital Management Inc. lifted its stake in NXP Semiconductors by 40.7% in the second quarter. QRG Capital Management Inc. now owns 2,415 shares of the semiconductor provider’s stock worth $650,000 after purchasing an additional 699 shares during the last quarter. MJP Associates Inc. ADV bought a new stake in NXP Semiconductors in the second quarter worth about $215,000. Finally, Czech National Bank raised its stake in shares of NXP Semiconductors by 7.3% during the second quarter. Czech National Bank now owns 48,693 shares of the semiconductor provider’s stock valued at $13,103,000 after acquiring an additional 3,314 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. Finally, Evercore ISI decreased their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.14.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $218.66 on Friday. The firm’s fifty day simple moving average is $232.35 and its two-hundred day simple moving average is $249.19. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $201.58 and a 12-month high of $296.08. The firm has a market capitalization of $55.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. NXP Semiconductors’s payout ratio is currently 38.74%.

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.