Los Angeles Capital Management LLC Sells 18,249 Shares of NXP Semiconductors (NASDAQ:NXPI)

Los Angeles Capital Management LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,411 shares of the semiconductor provider’s stock after selling 18,249 shares during the quarter. Los Angeles Capital Management LLC owned about 0.11% of NXP Semiconductors worth $63,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. Valley National Advisers Inc. grew its position in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. BluePath Capital Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth approximately $28,000. Paradigm Asset Management Co. LLC increased its holdings in shares of NXP Semiconductors by 100.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its position in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.4 %

NASDAQ NXPI traded up $3.59 during midday trading on Friday, hitting $257.85. 2,513,135 shares of the company traded hands, compared to its average volume of 2,401,029. The company’s 50-day simple moving average is $242.58 and its 200-day simple moving average is $221.15. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39. The company has a market cap of $65.93 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. As a group, equities research analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NXPI shares. The Goldman Sachs Group increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target for the company in a research report on Thursday, January 18th. Finally, Mizuho lifted their price objective on shares of NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $257.72.

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.