International Assets Investment Management LLC Sells 512,342 Shares of NXP Semiconductors (NASDAQ:NXPI)

International Assets Investment Management LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 99.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,999 shares of the semiconductor provider's stock after selling 512,342 shares during the period. International Assets Investment Management LLC's holdings in NXP Semiconductors were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legacy Wealth Management LLC MS grew its position in shares of NXP Semiconductors by 6.8% during the fourth quarter. Legacy Wealth Management LLC MS now owns 2,372 shares of the semiconductor provider's stock worth $493,000 after acquiring an additional 151 shares during the last quarter. Nordea Investment Management AB raised its holdings in NXP Semiconductors by 11.3% during the fourth quarter. Nordea Investment Management AB now owns 293,497 shares of the semiconductor provider's stock worth $61,347,000 after purchasing an additional 29,890 shares in the last quarter. Principal Financial Group Inc. lifted its position in 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. Logan Capital Management Inc. boosted its stake in NXP Semiconductors by 0.4% during the 3rd quarter. Logan Capital Management Inc. now owns 16,177 shares of the semiconductor provider's stock valued at $3,883,000 after purchasing an additional 63 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after acquiring an additional 93,129 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Finally, Barclays decreased their target price on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $273.19.

NXP Semiconductors Price Performance

Shares of NXPI traded down $2.97 on Friday, hitting $206.75. The company's stock had a trading volume of 2,510,239 shares, compared to its average volume of 2,138,356. The company has a market capitalization of $52.55 billion, a PE ratio of 19.73, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The company has a 50 day moving average price of $219.62 and a 200 day moving average price of $237.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The business's revenue was down 5.4% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. NXP Semiconductors's payout ratio is currently 38.65%.

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.