Wellington Management Group LLP Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Wellington Management Group LLP decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,358,840 shares of the semiconductor provider's stock after selling 1,730,385 shares during the period. Wellington Management Group LLP owned 4.86% of NXP Semiconductors worth $2,966,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NXPI. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after buying an additional 74 shares during the period. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 52 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Finally, Valley Wealth Managers Inc. purchased a new position in NXP Semiconductors in the 2nd quarter worth $48,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $1.67 during trading hours on Friday, hitting $218.66. 2,302,284 shares of the company's stock were exchanged, compared to its average volume of 2,244,484. The firm has a 50 day moving average of $232.35 and a two-hundred day moving average of $249.19. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The firm has a market cap of $55.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

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 analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a $1.014 dividend. 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 38.74%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Oppenheimer dropped their price target on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. TD Cowen decreased their target price on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a report on Friday, November 8th. UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $274.14.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on 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 directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by company insiders.

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.