Pathstone Holdings LLC Sells 738 Shares of NXP Semiconductors (NASDAQ:NXPI)

Pathstone Holdings LLC cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,132 shares of the semiconductor provider’s stock after selling 738 shares during the quarter. Pathstone Holdings LLC’s holdings in NXP Semiconductors were worth $5,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. Family Firm Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter worth about $27,000. Addison Advisors LLC grew its holdings in 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 purchasing an additional 74 shares during the period. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 0.8 %

Shares of NXPI stock opened at $226.38 on Friday. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The firm has a fifty day moving average price of $233.53 and a 200-day moving average price of $251.51. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

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 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts predict that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXPI. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Susquehanna cut their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.14.

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.