Princeton Capital Management LLC Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Princeton Capital Management LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,626 shares of the semiconductor provider's stock after selling 2,660 shares during the quarter. NXP Semiconductors accounts for approximately 1.5% of Princeton Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Princeton Capital Management LLC's holdings in NXP Semiconductors were worth $4,710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp increased its holdings 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 worth $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock valued at $123,447,000 after purchasing an additional 512,253 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at approximately $84,901,000. Bessemer Group Inc. grew its stake in NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock valued at $88,399,000 after buying an additional 349,061 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NXP Semiconductors by 1,882.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider's stock valued at $92,438,000 after acquiring an additional 326,197 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Citic Securities initiated coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, UBS Group reduced their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $276.76.

NXP Semiconductors Trading Down 0.3 %

NXP Semiconductors stock traded down $0.76 during trading hours on Tuesday, reaching $219.43. The company had a trading volume of 704,047 shares, compared to its average volume of 2,300,095. 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 has a 12-month low of $198.00 and a 12-month high of $296.08. The company has a 50-day moving average price of $233.94 and a 200 day moving average price of $252.43. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 4.36 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted 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. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 EPS. Equities analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's payout ratio is 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was 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 owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is 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.