BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,659 shares of the semiconductor provider's stock after selling 6,391 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NXP Semiconductors were worth $10,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC grew its holdings in NXP Semiconductors by 152.7% during 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. Transcend Capital Advisors LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth $490,000. GAMMA Investing LLC increased its holdings in NXP Semiconductors by 71.2% in the second quarter. GAMMA Investing LLC now owns 1,917 shares of the semiconductor provider's stock valued at $516,000 after buying an additional 797 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in NXP Semiconductors by 28.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 596 shares of the semiconductor provider's stock valued at $160,000 after buying an additional 131 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in NXP Semiconductors in the second quarter valued at $51,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a "buy" rating and a $300.00 price target on the stock. Oppenheimer dropped their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their price objective on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an "overweight" rating and a $250.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $274.14.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $4.24 during mid-day trading on Monday, hitting $233.61. 2,794,476 shares of the company's stock traded hands, compared to its average volume of 2,296,126. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a market cap of $59.37 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 4.62 and a beta of 1.49. The firm's 50 day simple moving average is $233.14 and its 200 day simple moving average is $250.13. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations 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 was down 5.4% on a year-over-year basis. During the same period last year, the company posted $3.31 EPS. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio is presently 38.74%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business's 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 transaction, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

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.