Rockefeller Capital Management L.P. Trims Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Rockefeller Capital Management L.P. reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 14.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,344 shares of the semiconductor provider's stock after selling 2,375 shares during the period. Rockefeller Capital Management L.P.'s holdings in NXP Semiconductors were worth $3,444,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NXPI. Family Firm Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth approximately $27,000. Addison Advisors LLC lifted its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 74 shares during the period. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in NXP Semiconductors in the second quarter valued at $48,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $54,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI traded up $1.67 on Friday, reaching $218.66. 2,302,284 shares of the company's stock were exchanged, compared to its average volume of 2,297,574. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The stock has a market cap of $55.57 billion, a PE ratio of 20.86, a P/E/G ratio of 4.60 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock's fifty day moving average price is $232.35 and its 200-day moving average price is $249.19.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results 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 business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Barclays lowered their price objective on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. UBS Group dropped their price objective 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. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One 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. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $274.14.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

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.