Los Angeles Capital Management LLC Sells 329 Shares of NXP Semiconductors (NASDAQ:NXPI)

Los Angeles Capital Management LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 0.1% in the first quarter, Holdings Channel reports. The fund owned 274,082 shares of the semiconductor provider’s stock after selling 329 shares during the quarter. Los Angeles Capital Management LLC’s holdings in NXP Semiconductors were worth $67,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. NBC Securities Inc. lifted its holdings in NXP Semiconductors by 937.3% during the first quarter. NBC Securities Inc. now owns 13,454 shares of the semiconductor provider’s stock valued at $3,333,000 after purchasing an additional 12,157 shares during the last quarter. Cullen Investment Group LTD. lifted its stake in shares of NXP Semiconductors by 9.7% during the 1st quarter. Cullen Investment Group LTD. now owns 8,930 shares of the semiconductor provider’s stock valued at $2,150,000 after buying an additional 793 shares in the last quarter. Symmetry Partners LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $722,000. Confluence Investment Management LLC bought a new position in NXP Semiconductors in the 1st quarter worth approximately $56,110,000. Finally, Nomura Holdings Inc. purchased a new position in NXP Semiconductors in the 4th quarter valued at approximately $3,695,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NXPI. UBS Group increased their target price on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 target price for the company. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $267.80.

Read Our Latest Research Report on NXP Semiconductors

NXP Semiconductors Price Performance

NXPI traded up $0.14 during midday trading on Wednesday, hitting $271.40. The stock had a trading volume of 1,650,101 shares, compared to its average volume of 1,566,762. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $286.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The business has a fifty day moving average of $258.79 and a 200 day moving average of $240.28. The company has a market cap of $69.39 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.50.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. As a group, equities analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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