KBC Group NV Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

KBC Group NV reduced its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 64.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,190 shares of the semiconductor provider's stock after selling 97,505 shares during the period. KBC Group NV's holdings in NXP Semiconductors were worth $13,006,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. grew its stake in NXP Semiconductors by 34.1% during the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock worth $425,000 after buying an additional 436 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of NXP Semiconductors by 13.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider's stock worth $4,290,000 after acquiring an additional 2,100 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of NXP Semiconductors by 13.8% during the first quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider's stock worth $1,552,000 after acquiring an additional 758 shares during the period. Nicolet Advisory Services LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at about $216,000. Finally, Vanguard Group Inc. boosted its position in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NXPI. The Goldman Sachs Group cut their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Barclays cut their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 target price on the stock. Finally, Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $276.76.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

NXP Semiconductors Trading Down 3.1 %

NXP Semiconductors stock traded down $6.92 during midday trading on Friday, reaching $217.04. The stock had a trading volume of 2,793,131 shares, compared to its average volume of 2,687,872. The company has a fifty day moving average of $234.14 and a 200 day moving average of $252.64. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08. The firm has a market cap of $55.16 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.36 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the business 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 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 paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's payout ratio is 38.74%.

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.