Swedbank AB Sells 702 Shares of NXP Semiconductors (NASDAQ:NXPI)

Swedbank AB lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,571 shares of the semiconductor provider’s stock after selling 702 shares during the quarter. Swedbank AB’s holdings in NXP Semiconductors were worth $42,619,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the 1st quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in NXP Semiconductors during the 2nd quarter valued at approximately $27,000. Addison Advisors LLC increased its stake in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. increased its stake in 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 in the last quarter. Finally, Rise Advisors LLC acquired a new position in NXP Semiconductors during the 1st quarter valued at approximately $35,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated 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 owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several recent research reports. Barclays upped their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Citic Securities initiated coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective on the stock. 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. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $275.00 to $285.00 in a report on Monday, October 7th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.40.

NXP Semiconductors Stock Performance

NXPI opened at $232.73 on Thursday. 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 company has a market cap of $59.51 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The firm’s fifty day simple moving average is $239.99 and its two-hundred day simple moving average is $253.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. Equities analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

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.