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

Freedom Investment Management Inc. trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,168 shares of the semiconductor provider’s stock after selling 284 shares during the quarter. Freedom Investment Management Inc.’s holdings in NXP Semiconductors were worth $1,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Lisle Cummings Inc. increased its position in shares of NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Hemington Wealth Management increased its position in shares of NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 59 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $44,000. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in NXP Semiconductors in the first quarter worth about $46,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $217.16 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $225.56 and a two-hundred day moving average of $211.69. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $256.62. The company has a market cap of $54.75 billion, a P/E ratio of 25.88, a PEG ratio of 2.52 and a beta of 1.44.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. NXP Semiconductors’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a research note on Friday, July 18th. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. Citigroup lifted their price target on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Truist Financial lifted their price target on NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, KeyCorp lifted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.06.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the business’s stock in a transaction that occurred on 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 owned 4,958 shares of the company’s stock, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,785 shares of company stock worth $2,197,852. Company insiders own 0.12% of the company’s stock.

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.