Chevy Chase Trust Holdings LLC Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Chevy Chase Trust Holdings LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,591 shares of the semiconductor provider's stock after selling 3,071 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of NXP Semiconductors worth $32,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cetera Advisors LLC increased its holdings in NXP Semiconductors by 152.7% in the 1st quarter. Cetera Advisors LLC now owns 10,200 shares of the semiconductor provider's stock worth $2,527,000 after acquiring an additional 6,163 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in NXP Semiconductors by 28.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 596 shares of the semiconductor provider's stock worth $160,000 after purchasing an additional 131 shares in the last quarter. Mather Group LLC. grew its position in shares of NXP Semiconductors by 23.3% in the second quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock valued at $140,000 after purchasing an additional 107 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of NXP Semiconductors by 21.0% in the 2nd quarter. Fulton Bank N.A. now owns 1,838 shares of the semiconductor provider's stock worth $495,000 after acquiring an additional 319 shares during the last quarter. Finally, CWM LLC increased its position in NXP Semiconductors by 6.1% during the second quarter. CWM LLC now owns 4,395 shares of the semiconductor provider's stock worth $1,183,000 after purchasing an additional 252 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. TD Cowen cut their price objective on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price on the stock. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Finally, Evercore ISI decreased their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $274.14.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was 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 of the company's stock, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Stock Down 1.9 %

Shares of NXPI stock traded down $4.52 on Tuesday, reaching $229.09. 1,064,148 shares of the stock were exchanged, compared to its average volume of 2,290,604. The company has a market capitalization of $58.23 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 4.62 and a beta of 1.46. The business's 50 day moving average price is $233.14 and its 200 day moving average price is $250.13. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.31 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business 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 $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is 38.74%.

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.