Baldwin Investment Management LLC Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Baldwin Investment Management LLC trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,707 shares of the semiconductor provider’s stock after selling 180 shares during the quarter. Baldwin Investment Management LLC’s holdings in NXP Semiconductors were worth $1,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in NXP Semiconductors in the second quarter worth $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in 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 in the last quarter. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Beacon Capital Management LLC lifted its position in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Down 2.2 %

Shares of NXP Semiconductors stock opened at $228.66 on Wednesday. The company has a 50-day simple moving average of $233.53 and a two-hundred day simple moving average of $250.98. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market capitalization of $58.12 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 4.70 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 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 analyst estimates of $3.25 billion. During the same quarter last year, the company earned $3.31 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insider Activity

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 shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on NXPI shares. Evercore ISI lowered their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Oppenheimer lowered their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Truist Financial dropped their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Barclays decreased their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

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.