Hartford Investment Management Co. Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

Hartford Investment Management Co. cut its position in NXP Semiconductors (NASDAQ:NXPI) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,007 shares of the semiconductor provider’s stock after selling 371 shares during the period. Hartford Investment Management Co.’s holdings in NXP Semiconductors were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors during the first quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in NXP Semiconductors during the second quarter worth approximately $27,000. Addison Advisors LLC lifted its position in shares of 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 buying an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of 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 buying an additional 123 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI opened at $236.32 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average is $238.88 and its two-hundred day moving average is $252.76. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The firm has a market capitalization of $60.42 billion, a PE ratio of 21.82, a P/E/G ratio of 2.53 and a beta of 1.49.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.72%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NXPI. UBS Group upgraded 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 research note on Monday, October 7th. Cantor Fitzgerald dropped their price target on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Barclays lifted their price target on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. The Goldman Sachs Group decreased their price objective on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, TD Cowen cut their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

Insider Activity

In related news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. In other news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction 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 directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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.