BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.0% during the third quarter, Holdings Channel reports. The institutional investor owned 42,659 shares of the semiconductor provider’s stock after selling 6,391 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NXP Semiconductors were worth $10,239,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. lifted its holdings 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 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% in 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 in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $48,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the 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 of the company’s stock, valued at $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction 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.

Analysts Set New Price Targets

Several brokerages have issued reports on NXPI. Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. Susquehanna reduced their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Truist Financial cut their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued 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 a consensus price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $229.37 on Monday. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a 50 day moving average price of $233.14 and a 200 day moving average price of $250.13. The firm has a market capitalization of $58.30 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 4.62 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 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 firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm 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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 5th. 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.