Royal London Asset Management Ltd. Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Royal London Asset Management Ltd. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,197 shares of the semiconductor provider's stock after purchasing an additional 3,102 shares during the period. Royal London Asset Management Ltd.'s holdings in NXP Semiconductors were worth $25,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. CWM LLC lifted its position in shares of NXP Semiconductors by 6.1% in the second quarter. CWM LLC now owns 4,395 shares of the semiconductor provider's stock valued at $1,183,000 after acquiring an additional 252 shares in the last quarter. OLD National Bancorp IN boosted its stake in NXP Semiconductors by 7.9% during the 2nd quarter. OLD National Bancorp IN now owns 3,829 shares of the semiconductor provider's stock worth $1,030,000 after purchasing an additional 281 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of NXP Semiconductors by 40.7% during the second quarter. QRG Capital Management Inc. now owns 2,415 shares of the semiconductor provider's stock worth $650,000 after buying an additional 699 shares in the last quarter. MJP Associates Inc. ADV acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $215,000. Finally, Czech National Bank lifted its stake in shares of NXP Semiconductors by 7.3% in the second quarter. Czech National Bank now owns 48,693 shares of the semiconductor provider's stock worth $13,103,000 after buying an additional 3,314 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 0.8 %

NASDAQ NXPI traded up $1.67 on Friday, reaching $218.66. The stock had a trading volume of 2,302,284 shares, compared to its average volume of 2,244,484. 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 stock has a fifty day moving average price of $232.35 and a two-hundred day moving average price of $249.19. NXP Semiconductors has a 12-month low of $201.58 and a 12-month high of $296.08. The firm has a market capitalization of $55.57 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46.

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

NXP Semiconductors Dividend Announcement

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

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Needham & Company LLC cut their price target on NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Loop Capital started coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a "buy" rating and a $300.00 price objective on the stock. UBS Group dropped their target price on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, Barclays reduced their price target on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $274.14.

NXP Semiconductors Company 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.