Consolidated Investment Group LLC Sells 5,000 Shares of NXP Semiconductors (NASDAQ:NXPI)

Consolidated Investment Group LLC trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 39.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,679 shares of the semiconductor provider’s stock after selling 5,000 shares during the quarter. Consolidated Investment Group LLC’s holdings in NXP Semiconductors were worth $1,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Operose Advisors LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $26,000. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $28,000. Live Oak Investment Partners bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $26,000. First Capital Advisors Group LLC. bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $35,000. Finally, Fortis Capital Advisors LLC bought a new stake in NXP Semiconductors during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 2,120 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares in the company, valued at $8,687,922.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $247.77 on Friday. The stock has a 50-day moving average of $235.04 and a 200-day moving average of $213.99. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The company has a market cap of $63.54 billion, a PE ratio of 23.13, a P/E/G ratio of 0.93 and a beta of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, equities research analysts predict that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.64%. NXP Semiconductors’s payout ratio is 37.91%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho increased their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a research note on Thursday, January 18th. Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Morgan Stanley lifted their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $238.75.

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.