MetLife Investment Management LLC Sells 1,844 Shares of NXP Semiconductors (NASDAQ:NXPI)

MetLife Investment Management LLC reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,773 shares of the semiconductor provider’s stock after selling 1,844 shares during the quarter. MetLife Investment Management LLC’s holdings in NXP Semiconductors were worth $14,826,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Family Firm Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC lifted its holdings in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Fortitude Family Office LLC boosted its stake in NXP Semiconductors by 615.0% in the 2nd 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 during the period. Finally, Beacon Capital Management LLC grew its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NXPI. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective for the company. Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $226.53 on Thursday. The company’s 50 day moving average price is $233.43 and its two-hundred day moving average price is $250.81. The firm has a market capitalization of $57.57 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.70 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $198.36 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.79%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was 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 the SEC website. Insiders own 0.11% of the company’s stock.

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.