Park Avenue Securities LLC Sells 3,011 Shares of NXP Semiconductors (NASDAQ:NXPI)

Park Avenue Securities LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,864 shares of the semiconductor provider's stock after selling 3,011 shares during the period. Park Avenue Securities LLC's holdings in NXP Semiconductors were worth $2,258,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 2.1% during the 3rd 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 during the last quarter. Van ECK Associates Corp raised its stake in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NXPI. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective for the company. Finally, Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $270.81.

NXP Semiconductors Trading Up 2.2 %

NASDAQ:NXPI traded up $4.60 on Friday, reaching $215.36. 1,921,230 shares of the stock traded hands, compared to its average volume of 1,984,350. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The company's 50 day moving average is $217.51 and its 200-day moving average is $236.39. The firm has a market capitalization of $54.74 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's dividend payout ratio is currently 38.74%.

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.