International Assets Investment Management LLC Has $326,000 Position in NXP Semiconductors N.V. $NXPI

International Assets Investment Management LLC reduced its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,491 shares of the semiconductor provider’s stock after selling 501 shares during the period. International Assets Investment Management LLC’s holdings in NXP Semiconductors were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NXPI. Wellington Management Group LLP boosted its stake in NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares during the last quarter. Nuveen LLC acquired a new position in NXP Semiconductors during the 1st quarter valued at about $219,878,000. Price T Rowe Associates Inc. MD boosted its stake in NXP Semiconductors by 33.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after purchasing an additional 839,113 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in NXP Semiconductors by 20.0% during the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after purchasing an additional 567,831 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of NXP Semiconductors by 44.7% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock worth $328,852,000 after buying an additional 534,404 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, President Rafael Sotomayor sold 2,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company’s stock, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,785 shares of company stock worth $2,197,852. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. KeyCorp lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. UBS Group lifted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. TD Cowen dropped their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $257.06.

NXP Semiconductors Trading Down 2.3%

NASDAQ:NXPI opened at $217.16 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $54.75 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.52 and a beta of 1.44. The firm’s 50 day moving average is $225.56 and its 200 day moving average is $211.69. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.62.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business earned $3.20 EPS. NXP Semiconductors’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s payout ratio is currently 48.39%.

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.