CX Institutional Has $807,000 Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

CX Institutional lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,362 shares of the semiconductor provider’s stock after selling 138 shares during the quarter. CX Institutional’s holdings in NXP Semiconductors were worth $807,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at about $25,000. Family Firm Inc. acquired a new position in NXP Semiconductors in the 2nd quarter valued at approximately $27,000. Addison Advisors LLC lifted its position in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $35,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $232.73 on Thursday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The stock has a 50-day simple moving average of $239.99 and a 200 day simple moving average of $253.09. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $59.51 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.04 earnings per share. On average, research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. 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. Barclays lifted their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Citigroup increased their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Cantor Fitzgerald decreased their price objective on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Finally, Stifel Nicolaus increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.40.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were 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 approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.