Forsta AP Fonden Sells 8,200 Shares of NXP Semiconductors (NASDAQ:NXPI)

Forsta AP Fonden lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,500 shares of the semiconductor provider's stock after selling 8,200 shares during the period. Forsta AP Fonden's holdings in NXP Semiconductors were worth $14,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. GDS Wealth Management lifted its holdings in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at approximately $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $360,000. Banque Cantonale Vaudoise grew its position in shares of NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock valued at $6,204,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after purchasing an additional 5,722 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $4.56 during trading hours on Thursday, reaching $208.45. 888,467 shares of the company were exchanged, compared to its average volume of 2,252,892. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The business has a 50 day moving average of $216.41 and a 200 day moving average of $232.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market capitalization of $52.98 billion, a P/E ratio of 19.91, a P/E/G ratio of 3.25 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The firm's revenue was down 5.4% compared to the same quarter last year. Research analysts forecast 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 was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.95%. NXP Semiconductors's dividend payout ratio (DPR) is 38.74%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a "buy" rating and a $300.00 target price on the stock. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Evercore ISI dropped their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $270.85.

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.