Assenagon Asset Management S.A. Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Assenagon Asset Management S.A. trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 87.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,636 shares of the semiconductor provider's stock after selling 299,886 shares during the quarter. Assenagon Asset Management S.A.'s holdings in NXP Semiconductors were worth $10,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NXPI. Jackson Wealth Management LLC increased its position in shares of NXP Semiconductors by 355.6% during the third quarter. Jackson Wealth Management LLC now owns 30,109 shares of the semiconductor provider's stock valued at $7,226,000 after acquiring an additional 23,501 shares during the last quarter. Grimes & Company Inc. purchased a new position in NXP Semiconductors during the third quarter valued at approximately $8,350,000. CENTRAL TRUST Co grew its position in shares of NXP Semiconductors by 20.0% during the 3rd quarter. CENTRAL TRUST Co now owns 432 shares of the semiconductor provider's stock valued at $104,000 after purchasing an additional 72 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in NXP Semiconductors by 40.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider's stock worth $556,000 after buying an additional 666 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its position in shares of NXP Semiconductors by 6.4% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider's stock worth $207,000 after purchasing an additional 52 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NXP Semiconductors news, 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 sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Julie Southern acquired 146 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly 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 disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Oppenheimer upped their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 12th. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Cantor Fitzgerald lowered their price objective on NXP Semiconductors from $350.00 to $270.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. Finally, Citigroup lifted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a "sell" rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $288.90.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded up $6.54 during trading hours on Monday, hitting $249.70. 2,802,868 shares of the stock traded hands, compared to its average volume of 2,259,346. The firm's 50 day moving average price is $238.37 and its 200-day moving average price is $252.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $63.61 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio is presently 37.94%.

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.