PointState Capital LP decreased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 24.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,001,317 shares of the semiconductor provider’s stock after selling 330,983 shares during the period. NXP Semiconductors comprises about 3.1% of PointState Capital LP’s investment portfolio, making the stock its 8th largest holding. PointState Capital LP’s holdings in NXP Semiconductors were worth $109,264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its position in NXP Semiconductors by 5.1% in the 3rd quarter. Boston Partners now owns 5,276,672 shares of the semiconductor provider’s stock valued at $576,116,000 after acquiring an additional 256,202 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in NXP Semiconductors by 667.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,412,986 shares of the semiconductor provider’s stock worth $481,545,000 after acquiring an additional 3,837,685 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in NXP Semiconductors by 15.7% during the third quarter. Pictet Asset Management Ltd. now owns 3,509,714 shares of the semiconductor provider’s stock worth $382,980,000 after acquiring an additional 476,087 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in NXP Semiconductors by 221.9% during the second quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after acquiring an additional 1,893,827 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in NXP Semiconductors by 581.2% during the second quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after acquiring an additional 2,273,799 shares in the last quarter. 89.58% of the stock is owned by institutional investors.
In related news, EVP Keith M. Shull sold 21,085 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the completion of the sale, the executive vice president now owns 15,092 shares in the company, valued at $1,801,230.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Owen sold 1,639 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $118.00, for a total transaction of $193,402.00. Following the sale, the executive vice president now owns 7,096 shares of the company’s stock, valued at approximately $837,328. The disclosure for this sale can be found here. Insiders have sold 35,887 shares of company stock valued at $4,169,181 in the last 90 days.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, October 28th. The semiconductor provider reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.57. NXP Semiconductors had a net margin of 4.51% and a return on equity of 23.37%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, research analysts expect that NXP Semiconductors NV will post 6.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 25.25%.
Several brokerages recently issued reports on NXPI. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Piper Jaffray Companies set a $120.00 price objective on shares of NXP Semiconductors and gave the company a “buy” rating in a research note on Friday, October 25th. Cowen raised their price objective on shares of NXP Semiconductors from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. NXP Semiconductors presently has a consensus rating of “Buy” and an average target price of $118.11.
NXP Semiconductors Company 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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