NXP Semiconductors N.V. $NXPI Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 83.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,571 shares of the semiconductor provider’s stock after selling 8,054 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NXP Semiconductors were worth $343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after buying an additional 1,330,474 shares during the period. Nuveen LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $219,878,000. Boston Partners raised its stake in shares of NXP Semiconductors by 73.2% during the second quarter. Boston Partners now owns 2,082,322 shares of the semiconductor provider’s stock valued at $453,890,000 after purchasing an additional 879,956 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock worth $635,310,000 after purchasing an additional 839,113 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of NXP Semiconductors by 20.0% in the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after purchasing an additional 567,831 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.3%

Shares of NXP Semiconductors stock opened at $191.02 on Wednesday. The business has a 50-day moving average price of $213.06 and a 200 day moving average price of $216.57. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The firm has a market cap of $48.07 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.53 and a beta of 1.47. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the business posted $3.45 EPS. NXP Semiconductors’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 2.1%. NXP Semiconductors’s payout ratio is presently 50.12%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, Evercore ISI upped their target price on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.47.

Insiders Place Their Bets

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the transaction, the executive vice president directly owned 19,175 shares in the company, valued at $3,969,416.75. This represents a 30.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% 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.