Gulf International Bank UK Ltd Sells 953 Shares of NXP Semiconductors (NASDAQ:NXPI)

Gulf International Bank UK Ltd lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,723 shares of the semiconductor provider’s stock after selling 953 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NXP Semiconductors were worth $4,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Counselors Inc. boosted its holdings in NXP Semiconductors by 11.2% in the 1st quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock worth $603,000 after buying an additional 245 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of NXP Semiconductors in the first quarter valued at $54,000. Texas Permanent School Fund Corp raised its stake in shares of NXP Semiconductors by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,282 shares of the semiconductor provider’s stock valued at $13,202,000 after purchasing an additional 460 shares during the period. Advisory Alpha LLC lifted its holdings in NXP Semiconductors by 31.0% during the 1st quarter. Advisory Alpha LLC now owns 2,017 shares of the semiconductor provider’s stock worth $500,000 after purchasing an additional 477 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in NXP Semiconductors by 341.0% during the 1st quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider’s stock valued at $67,000 after buying an additional 208 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Down 5.2 %

Shares of NASDAQ NXPI opened at $224.65 on Wednesday. NXP Semiconductors has a 1 year low of $178.19 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a 50-day moving average of $236.74 and a 200 day moving average of $253.34. The stock has a market cap of $57.23 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.59 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 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen cut their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Citigroup raised their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Morgan Stanley cut their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday. Finally, Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.40.

NXP Semiconductors Company 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.