NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 44.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,018 shares of the semiconductor provider’s stock after selling 180,918 shares during the period. Rhumbline Advisers owned 0.09% of NXP Semiconductors worth $33,902,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital increased its position in NXP Semiconductors by 2,183.3% in the 1st quarter. Core Alternative Capital now owns 137 shares of the semiconductor provider’s stock valued at $25,000 after acquiring an additional 131 shares during the period. MV Capital Management Inc. boosted its holdings in NXP Semiconductors by 37.3% in the 2nd quarter. MV Capital Management Inc. now owns 232 shares of the semiconductor provider’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in NXP Semiconductors in the 1st quarter valued at approximately $35,000. CoreCap Advisors LLC purchased a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $51,000. Finally, Larson Financial Group LLC boosted its holdings in NXP Semiconductors by 78.8% in the 1st quarter. Larson Financial Group LLC now owns 279 shares of the semiconductor provider’s stock valued at $52,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NXPI shares. Needham & Company LLC lowered their price objective on NXP Semiconductors from $225.00 to $200.00 in a report on Tuesday, October 25th. Cowen boosted their price target on NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. Mizuho decreased their price target on NXP Semiconductors from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 2nd. Morgan Stanley decreased their price target on NXP Semiconductors from $183.00 to $174.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on NXP Semiconductors from $175.00 to $170.00 in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $186.25.

NXP Semiconductors Trading Up 1.0 %

NXPI stock opened at $175.20 on Thursday. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.61 and a beta of 1.42. The company has a quick ratio of 1.59, a current ratio of 2.08 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $154.43 and a 200-day simple moving average of $165.41. NXP Semiconductors has a 52 week low of $132.08 and a 52 week high of $239.91.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 15th will be issued a $0.845 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $3.38 annualized dividend and a yield of 1.93%. NXP Semiconductors’s dividend payout ratio is currently 33.67%.

About NXP Semiconductors

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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.

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

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