NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 37.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 175,486 shares of the semiconductor provider’s stock after selling 103,759 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NXP Semiconductors were worth $42,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Counselors Inc. lifted its stake in shares of NXP Semiconductors by 11.2% during the first quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock valued at $603,000 after buying an additional 245 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of NXP Semiconductors during the 1st quarter worth $54,000. Texas Permanent School Fund Corp lifted its stake in shares of NXP Semiconductors by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,282 shares of the semiconductor provider’s stock worth $13,202,000 after purchasing an additional 460 shares during the period. Advisory Alpha LLC boosted its holdings in shares of NXP Semiconductors by 31.0% during the first quarter. Advisory Alpha LLC now owns 2,017 shares of the semiconductor provider’s stock worth $500,000 after purchasing an additional 477 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of NXP Semiconductors by 341.0% in the first quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider’s stock valued at $67,000 after purchasing an additional 208 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NXPI. Stifel Nicolaus reduced their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Barclays lowered their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research note on Monday. Finally, Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $286.40.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Trading Down 5.2 %

NXPI opened at $224.65 on Wednesday. The firm’s 50 day moving average is $236.74 and its 200-day moving average is $253.34. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. 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 firm has a market capitalization of $57.23 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.59 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business earned $3.31 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.94%.

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.