Yakira Capital Management Inc. Sells 20,000 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

Yakira Capital Management Inc. trimmed its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,061 shares of the semiconductor provider’s stock after selling 20,000 shares during the period. NXP Semiconductors makes up approximately 1.2% of Yakira Capital Management Inc.’s holdings, making the stock its 23rd largest holding. Yakira Capital Management Inc.’s holdings in NXP Semiconductors were worth $4,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. Barings LLC boosted its holdings in shares of NXP Semiconductors by 1.3% in the 1st quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock worth $695,000 after acquiring an additional 103 shares in the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of NXP Semiconductors by 56.3% in the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after acquiring an additional 129 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of NXP Semiconductors by 2.8% in the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock worth $362,000 after acquiring an additional 133 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of NXP Semiconductors by 2.0% in the 1st quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock worth $662,000 after acquiring an additional 146 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock worth $49,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Several research analysts have recently commented on the company. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Bank of America reaffirmed a “buy” rating and set a $125.00 price objective (up previously from $105.00) on shares of NXP Semiconductors in a report on Wednesday, May 1st. Mizuho upped their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $101.32.

Shares of NXPI traded down $1.62 during trading hours on Friday, reaching $97.61. The stock had a trading volume of 5,986,899 shares, compared to its average volume of 4,053,666. The company’s 50-day moving average is $94.34. The company has a market cap of $31.93 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.18 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. NXP Semiconductors NV has a 52 week low of $67.62 and a 52 week high of $111.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.47. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. Equities analysts forecast that NXP Semiconductors NV will post 6.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 16.84%.

NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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

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