Investment Management Corp of Ontario Sells 13,335 Shares of NXP Semiconductors (NASDAQ:NXPI)

Investment Management Corp of Ontario reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 38.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,173 shares of the semiconductor provider’s stock after selling 13,335 shares during the quarter. Investment Management Corp of Ontario’s holdings in NXP Semiconductors were worth $4,401,000 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 stock. Principal Financial Group Inc. lifted its position in NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after buying an additional 5,722 shares during the last quarter. Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Czech National Bank boosted its position in shares of NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after buying an additional 3,216 shares during the period. Finally, Cullen Investment Group LTD. grew its stake in shares of NXP Semiconductors by 3.6% during the fourth quarter. Cullen Investment Group LTD. now owns 9,835 shares of the semiconductor provider’s stock valued at $2,044,000 after buying an additional 341 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho boosted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Susquehanna cut their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price objective on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $250.37.

NXP Semiconductors Trading Up 1.9 %

NXPI stock opened at $192.17 on Friday. The business’s 50-day moving average is $188.87 and its 200 day moving average is $209.69. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.24 earnings per share. On average, sell-side analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.11%. NXP Semiconductors’s payout ratio is presently 44.12%.

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.