Quantinno Capital Management LP Sells 10,211 Shares of NXP Semiconductors (NASDAQ:NXPI)

Quantinno Capital Management LP decreased its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,567 shares of the semiconductor provider's stock after selling 10,211 shares during the period. Quantinno Capital Management LP's holdings in NXP Semiconductors were worth $6,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter worth $27,000. Addison Advisors LLC grew its stake in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 52 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter worth $48,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXPI. Oppenheimer lowered their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target on the stock. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $274.14.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $1.67 during trading on Friday, reaching $218.66. The company's stock had a trading volume of 2,302,284 shares, compared to its average volume of 2,244,484. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $55.57 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 4.51 and a beta of 1.46. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The stock has a 50-day moving average price of $231.83 and a two-hundred day moving average price of $248.63.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released 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. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 earnings per share. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.85%. NXP Semiconductors's dividend payout ratio is currently 38.74%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,269 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company's stock.

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.