American International Group Inc. decreased its position in NXP Semiconductors NV (NASDAQ:NXPI) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,163 shares of the semiconductor provider’s stock after selling 2,671 shares during the quarter. American International Group Inc.’s holdings in NXP Semiconductors were worth $3,605,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. First Quadrant L P CA bought a new position in shares of NXP Semiconductors in the third quarter worth about $108,000. FTB Advisors Inc. bought a new position in shares of NXP Semiconductors in the third quarter worth about $111,000. Signaturefd LLC raised its stake in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after buying an additional 796 shares during the period. Willingdon Wealth Management bought a new position in shares of NXP Semiconductors in the third quarter worth about $121,000. Finally, Capital Analysts LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $198,000. 75.58% of the stock is currently owned by institutional investors.
Several research firms have recently commented on NXPI. Citigroup decreased their price objective on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 2nd. Stifel Nicolaus reaffirmed a “sell” rating on shares of NXP Semiconductors in a research note on Thursday, November 1st. BMO Capital Markets raised their price objective on NXP Semiconductors from $70.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. Credit Suisse Group began coverage on NXP Semiconductors in a research note on Friday, September 7th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $101.97.
NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.13. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. On average, equities analysts expect that NXP Semiconductors NV will post 6.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio is presently 11.84%.
ILLEGAL ACTIVITY NOTICE: “American International Group Inc. Sells 2,671 Shares of NXP Semiconductors NV (NXPI)” was posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.wkrb13.com/2018/12/10/american-international-group-inc-sells-2671-shares-of-nxp-semiconductors-nv-nxpi.html.
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.
Recommended Story: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.