NXP Semiconductors NV (NXPI) Position Trimmed by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,354 shares of the semiconductor provider’s stock after selling 655 shares during the period. Appleton Partners Inc. MA’s holdings in NXP Semiconductors were worth $3,792,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Third Point LLC purchased a new position in NXP Semiconductors in the second quarter valued at about $1,174,652,000. Swiss National Bank grew its stake in NXP Semiconductors by 7.8% in the second quarter. Swiss National Bank now owns 1,838,729 shares of the semiconductor provider’s stock valued at $200,918,000 after purchasing an additional 133,400 shares in the last quarter. Omni Partners LLP grew its stake in NXP Semiconductors by 0.5% in the second quarter. Omni Partners LLP now owns 1,532,282 shares of the semiconductor provider’s stock valued at $167,432,000 after purchasing an additional 7,931 shares in the last quarter. Kite Lake Capital Management UK LLP grew its stake in NXP Semiconductors by 42.0% in the first quarter. Kite Lake Capital Management UK LLP now owns 1,022,753 shares of the semiconductor provider’s stock valued at $119,662,000 after purchasing an additional 302,498 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in NXP Semiconductors by 37.4% in the second quarter. California Public Employees Retirement System now owns 1,011,175 shares of the semiconductor provider’s stock valued at $110,491,000 after purchasing an additional 275,355 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:NXPI traded down $0.36 during trading on Tuesday, hitting $81.79. 9,282 shares of the stock traded hands, compared to its average volume of 6,652,434. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. NXP Semiconductors NV has a 52-week low of $80.71 and a 52-week high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.33). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. On average, sell-side analysts anticipate that NXP Semiconductors NV will post 6.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, September 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 11.84%.

A number of research analysts have commented on the company. Morgan Stanley lowered their target price on NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 3rd. Bank of America upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $120.00 in a research note on Monday, September 17th. Cowen boosted their target price on NXP Semiconductors from $111.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Mizuho restated a “buy” rating and issued a $115.00 target price on shares of NXP Semiconductors in a research note on Wednesday, September 12th. Finally, Stifel Nicolaus downgraded NXP Semiconductors from a “hold” rating to a “sell” rating and lowered their target price for the company from $99.00 to $84.00 in a research note on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Hold” and a consensus target price of $110.65.

NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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