NXP Semiconductors N.V. $NXPI Position Reduced by Generate Investment Management Ltd

Generate Investment Management Ltd reduced its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 40.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,706 shares of the semiconductor provider’s stock after selling 16,280 shares during the period. Generate Investment Management Ltd’s holdings in NXP Semiconductors were worth $5,399,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NXPI. Vanguard Group Inc. grew its position in NXP Semiconductors by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock worth $2,916,895,000 after purchasing an additional 184,295 shares in the last quarter. State Street Corp grew its holdings in shares of NXP Semiconductors by 0.7% during the second quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock valued at $2,399,555,000 after buying an additional 71,892 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in NXP Semiconductors by 1.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock valued at $1,799,783,000 after buying an additional 103,319 shares during the period. Geode Capital Management LLC raised its position in NXP Semiconductors by 3.8% during the second quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock valued at $1,212,425,000 after buying an additional 204,547 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in NXP Semiconductors by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider’s stock worth $779,330,000 after acquiring an additional 162,553 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NXPI shares. Arete upped their target price on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. Truist Financial upped their price objective on shares of NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, December 19th. TD Cowen cut their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $220.05 on Wednesday. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The stock’s 50-day moving average is $212.28 and its two-hundred day moving average is $219.33. The firm has a market cap of $55.38 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.28 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company posted $3.45 EPS. The business’s revenue was down 2.4% on a year-over-year basis. On average, analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is presently 50.25%.

Insider Buying and Selling

In other news, insider Julie Southern acquired 225 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average cost of $225.48 per share, with a total value of $50,733.00. Following the acquisition, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the transaction, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. This trade represents a 30.39% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.