NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,720 shares of the semiconductor provider’s stock after selling 295 shares during the quarter. Resources Management Corp CT ADV’s holdings in NXP Semiconductors were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter worth about $33,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of NXP Semiconductors in the second quarter worth about $48,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Evercore ISI decreased their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Morgan Stanley reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Trading Down 2.5 %

NASDAQ NXPI opened at $217.94 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The stock has a market capitalization of $55.39 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.41 and a beta of 1.46. The firm has a 50 day moving average of $231.50 and a two-hundred day moving average of $248.07.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, research analysts expect 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 given 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 1.86%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by insiders.

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.