Freedom Investment Management Inc. Reduces Stake in NXP Semiconductors N.V. $NXPI

Freedom Investment Management Inc. reduced its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,168 shares of the semiconductor provider’s stock after selling 284 shares during the period. Freedom Investment Management Inc.’s holdings in NXP Semiconductors were worth $1,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after buying an additional 218 shares during the last quarter. GAMMA Investing LLC grew its holdings in NXP Semiconductors by 41.2% during the 1st quarter. GAMMA Investing LLC now owns 3,072 shares of the semiconductor provider’s stock valued at $584,000 after buying an additional 896 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in NXP Semiconductors by 5.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 103,851 shares of the semiconductor provider’s stock valued at $19,738,000 after buying an additional 5,293 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of NXP Semiconductors by 34.4% during the first quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider’s stock worth $241,000 after purchasing an additional 324 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of NXP Semiconductors by 2.8% during the first quarter. Bessemer Group Inc. now owns 784,354 shares of the semiconductor provider’s stock worth $149,076,000 after purchasing an additional 21,592 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 2.3%

NASDAQ:NXPI opened at $217.16 on Thursday. The business’s 50-day moving average is $225.56 and its two-hundred day moving average is $211.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.62. The firm 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.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors’s dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares of the company’s stock, valued at $1,088,628.06. This trade represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,785 shares of company stock valued at $2,197,852 over the last three months. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NXPI. Wells Fargo & Company raised their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Citigroup raised their price objective on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, July 7th. TD Cowen decreased their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Needham & Company LLC raised their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $257.06.

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.