Core Alternative Capital Sells 3,803 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Core Alternative Capital reduced its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 17.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 17,577 shares of the semiconductor provider’s stock after selling 3,803 shares during the period. Core Alternative Capital’s holdings in NXP Semiconductors were worth $3,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. FMR LLC boosted its holdings in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after buying an additional 144,391 shares in the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the period. Finally, Franklin Resources Inc. grew its position in NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after acquiring an additional 269,656 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $232.74 on Friday. The company has a 50 day moving average price of $205.65 and a 200 day moving average price of $204.89. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The stock has a market capitalization of $58.80 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the company posted $3.24 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.74%. NXP Semiconductors’s dividend payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NXPI shares. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, June 16th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Evercore ISI reaffirmed an “outperform” rating and set a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, TD Cowen lifted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $246.22.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares of the company’s stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Company 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.