ING Groep NV Sells 5,662 Shares of NXP Semiconductors (NASDAQ:NXPI)

ING Groep NV trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,487 shares of the semiconductor provider's stock after selling 5,662 shares during the period. ING Groep NV's holdings in NXP Semiconductors were worth $12,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NXPI. Drive Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider's stock worth $257,000 after buying an additional 39 shares during the period. Beacon Capital Management LLC boosted 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 purchasing an additional 40 shares during the period. Patten Group Inc. grew its holdings in shares of NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider's stock worth $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. increased its stake in shares of NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider's stock worth $404,000 after buying an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC boosted its holdings in shares of NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider's stock worth $238,000 after purchasing an additional 45 shares during the period. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction 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 $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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $6.92 during trading hours on Friday, reaching $217.04. The company's stock had a trading volume of 2,792,762 shares, compared to its average volume of 2,306,468. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The firm's 50-day moving average price is $234.34 and its 200-day moving average price is $252.88. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 4.48 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The firm's revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.87%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen dropped their price objective on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a report on Friday, November 8th. Evercore ISI lowered 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. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Finally, Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $276.76.

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.