Greylin Investment Mangement Inc. trimmed its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,955 shares of the semiconductor provider’s stock after selling 14,380 shares during the period. NXP Semiconductors accounts for 4.9% of Greylin Investment Mangement Inc.’s holdings, making the stock its 5th largest position. Greylin Investment Mangement Inc. owned 0.06% of NXP Semiconductors worth $20,619,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of NXP Semiconductors by 28.9% in the 1st quarter. First Trust Advisors LP now owns 1,232,092 shares of the semiconductor provider’s stock valued at $108,905,000 after buying an additional 276,400 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of NXP Semiconductors by 14.3% in the 1st quarter. Federated Investors Inc. PA now owns 103,321 shares of the semiconductor provider’s stock valued at $9,133,000 after buying an additional 12,891 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of NXP Semiconductors by 91.9% in the 1st quarter. MML Investors Services LLC now owns 9,471 shares of the semiconductor provider’s stock valued at $837,000 after buying an additional 4,535 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of NXP Semiconductors by 154.6% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,403 shares of the semiconductor provider’s stock valued at $124,000 after purchasing an additional 852 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of NXP Semiconductors by 620.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 227,007 shares of the semiconductor provider’s stock valued at $20,066,000 after purchasing an additional 195,507 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.
Shares of NASDAQ:NXPI traded up $4.01 during mid-day trading on Friday, hitting $111.26. 171,517 shares of the company traded hands, compared to its average volume of 2,544,778. The firm has a market cap of $34.10 billion, a P/E ratio of 18.74, a PEG ratio of 1.31 and a beta of 1.25. The firm’s 50 day simple moving average is $105.38 and its 200 day simple moving average is $99.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $113.50.
The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a $0.375 dividend. The ex-dividend date was Friday, September 13th. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.25. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. NXP Semiconductors’s dividend payout ratio is presently 25.25%.
In other news, Chairman Peter L. Bonfield sold 10,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the sale, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Keith M. Shull sold 4,196 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.14, for a total transaction of $453,755.44. Following the completion of the sale, the executive vice president now owns 9,587 shares of the company’s stock, valued at $1,036,738.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,765 shares of company stock worth $1,919,522.
NXPI has been the subject of several research analyst reports. Raymond James initiated coverage on shares of NXP Semiconductors in a research report on Monday, August 19th. They issued an “outperform” rating and a $115.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Loop Capital set a $130.00 price objective on shares of NXP Semiconductors and gave the company a “buy” rating in a research report on Thursday, September 26th. ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Zacks Investment Research lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $106.90.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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