Verity Asset Management Inc. Sells 182 Shares of NXP Semiconductors (NASDAQ:NXPI)

Verity Asset Management Inc. decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,787 shares of the semiconductor provider’s stock after selling 182 shares during the period. Verity Asset Management Inc.’s holdings in NXP Semiconductors were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after buying an additional 1,222,736 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after buying an additional 512,253 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth about $84,901,000. Finally, Bessemer Group Inc. boosted its position in shares of NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup increased their target price 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. Oppenheimer dropped their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Truist Financial lowered their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $276.85.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $236.12 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The firm has a market cap of $60.15 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 1-year low of $179.64 and a 1-year high of $296.08. The firm has a 50-day moving average of $236.43 and a 200-day moving average of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. Sell-side analysts expect that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. NXP Semiconductors’s dividend payout ratio is 38.74%.

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.