Forsta AP Fonden Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Forsta AP Fonden trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 71,100 shares of the semiconductor provider’s stock after selling 6,600 shares during the period. Forsta AP Fonden’s holdings in NXP Semiconductors were worth $19,132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors in the 1st quarter worth about $25,000. Family Firm Inc. purchased a new position in NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% in 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 in the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $30,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 2.5 %

Shares of NASDAQ:NXPI opened at $225.14 on Friday. The stock has a 50 day moving average of $253.38 and a 200 day moving average of $254.99. The company has a market cap of $57.56 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, equities research analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.80%. NXP Semiconductors’s payout ratio is presently 37.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer upped their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Morgan Stanley lowered their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Finally, Citigroup lifted their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.