Industrial Alliance Investment Management Inc. Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Industrial Alliance Investment Management Inc. trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 22.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,626 shares of the semiconductor provider’s stock after selling 466 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in NXP Semiconductors were worth $403,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth about $25,000. FinTrust Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at about $30,000. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 98.6% in 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 in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $33,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NXPI shares. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. TD Cowen dropped their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Needham & Company LLC boosted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Citigroup boosted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Stock Performance

Shares of NXPI traded down $4.13 during trading hours on Tuesday, hitting $251.68. The stock had a trading volume of 2,477,690 shares, compared to its average volume of 2,228,348. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a 50-day moving average price of $271.65 and a 200 day moving average price of $250.83. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The firm has a market capitalization of $64.11 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.74 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data 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 company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue for the quarter 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, research analysts anticipate that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Insiders Place Their Bets

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