Pitcairn Co. Sells 1,735 Shares of NXP Semiconductors (NASDAQ:NXPI)

Pitcairn Co. lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,072 shares of the semiconductor provider’s stock after selling 1,735 shares during the period. Pitcairn Co.’s holdings in NXP Semiconductors were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of NXPI. CreativeOne Wealth LLC raised its holdings in NXP Semiconductors by 4.5% in the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock worth $274,000 after acquiring an additional 47 shares during the period. Axxcess Wealth Management LLC raised its holdings in NXP Semiconductors by 39.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,869 shares of the semiconductor provider’s stock worth $711,000 after acquiring an additional 809 shares during the period. LRI Investments LLC bought a new position in NXP Semiconductors in the 1st quarter worth $168,000. Mount Yale Investment Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.6% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 6,739 shares of the semiconductor provider’s stock worth $1,670,000 after purchasing an additional 357 shares during the period. Finally, SVB Wealth LLC increased its holdings in shares of NXP Semiconductors by 6.2% during the 1st quarter. SVB Wealth LLC now owns 2,670 shares of the semiconductor provider’s stock worth $662,000 after purchasing an additional 156 shares during the period. 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 company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley dropped their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday. They set an “overweight” rating and a $250.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $226.38 on Friday. The firm has a market cap of $57.54 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.51 and a beta of 1.49. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $233.53 and its two-hundred day moving average price is $251.51.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the business earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. NXP Semiconductors’s payout ratio is 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.