NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Core Alternative Capital

Core Alternative Capital trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 15.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 21,612 shares of the semiconductor provider’s stock after selling 3,900 shares during the period. Core Alternative Capital’s holdings in NXP Semiconductors were worth $5,816,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC increased its position in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after buying an additional 49 shares during the period. Family Firm Inc. purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Finally, LifeSteps Financial Inc. purchased a new position in shares of NXP Semiconductors during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $244.93 on Monday. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The firm has a 50 day simple moving average of $243.78 and a 200-day simple moving average of $253.75. The firm has a market cap of $62.62 billion, a PE ratio of 22.62, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. On average, equities analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.66%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. Morgan Stanley dropped their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Barclays boosted their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Citigroup upped their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

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.