Los Angeles Capital Management LLC Sells 11,951 Shares of NXP Semiconductors (NASDAQ:NXPI)

Los Angeles Capital Management LLC cut its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,587 shares of the semiconductor provider's stock after selling 11,951 shares during the quarter. Los Angeles Capital Management LLC owned about 0.10% of NXP Semiconductors worth $60,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. bought a new stake in NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider's stock valued at $37,000 after acquiring an additional 40 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider's stock worth $38,000 after purchasing an additional 123 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a research report on Wednesday. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target on the stock. Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday. 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. Finally, Evercore ISI reduced their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.60.

NXP Semiconductors Stock Down 0.9 %

Shares of NXPI traded down $2.23 during trading hours on Friday, reaching $233.89. The company's stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,429,677. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a 50 day moving average of $235.72 and a two-hundred day moving average of $253.37. NXP Semiconductors has a 1-year low of $179.64 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 EPS. As a group, research analysts predict that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. NXP Semiconductors's payout ratio 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.