OneDigital Investment Advisors LLC Trims Position in NXP Semiconductors (NASDAQ:NXPI)

OneDigital Investment Advisors LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.1% during the 3rd quarter, Holdings Channel reports. The firm owned 5,033 shares of the semiconductor provider’s stock after selling 506 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in NXP Semiconductors were worth $1,208,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Ameriprise Financial Inc. increased its position in NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after buying an additional 118,366 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after acquiring an additional 35,104 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NXP Semiconductors by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after buying an additional 80,087 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock worth $292,246,000 after acquiring an additional 127,607 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $220.19 on Tuesday. The business has a 50-day moving average of $233.94 and a two-hundred day moving average of $252.43. The firm has a market capitalization of $55.96 billion, a PE ratio of 21.01, a P/E/G ratio of 4.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Analyst Ratings Changes

NXPI has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reduced their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price on the stock. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna lowered their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

About NXP Semiconductors

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.