Robeco Schweiz AG Decreases Stake in NXP Semiconductors N.V. $NXPI

Robeco Schweiz AG trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 19.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,845 shares of the semiconductor provider’s stock after selling 27,555 shares during the period. Robeco Schweiz AG’s holdings in NXP Semiconductors were worth $26,837,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its holdings in shares of NXP Semiconductors by 1.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,522 shares of the semiconductor provider’s stock valued at $3,079,000 after purchasing an additional 208 shares in the last quarter. TD Private Client Wealth LLC raised its stake in NXP Semiconductors by 12.4% in the third quarter. TD Private Client Wealth LLC now owns 3,961 shares of the semiconductor provider’s stock valued at $902,000 after buying an additional 436 shares in the last quarter. Quent Capital LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $97,000. Nordea Investment Management AB boosted its position in shares of NXP Semiconductors by 7.2% during the 3rd quarter. Nordea Investment Management AB now owns 689,579 shares of the semiconductor provider’s stock worth $155,686,000 after acquiring an additional 46,426 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of NXP Semiconductors by 10.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 5,776 shares of the semiconductor provider’s stock valued at $1,315,000 after acquiring an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Arete increased their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. Truist Financial lifted their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Evercore ISI upped their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $215.00 target price on NXP Semiconductors in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Price Performance

NXPI stock opened at $239.09 on Wednesday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The company has a market cap of $60.17 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 3.00 and a beta of 1.46. The firm has a 50 day moving average of $216.17 and a 200-day moving average of $220.59. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.NXP Semiconductors’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.45 earnings per share. As a group, equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors’s payout ratio is presently 50.12%.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern purchased 225 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were bought at an average cost of $225.48 per share, with a total value of $50,733.00. Following the purchase, the insider directly owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,097 shares of company stock valued at $5,003,058. 0.12% of the stock is owned by insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.