Sicart Associates LLC Trims Holdings in NXP Semiconductors NV (NASDAQ:NXPI)

Sicart Associates LLC decreased its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,580 shares of the semiconductor provider’s stock after selling 2,650 shares during the quarter. NXP Semiconductors comprises 2.0% of Sicart Associates LLC’s investment portfolio, making the stock its 16th largest holding. Sicart Associates LLC’s holdings in NXP Semiconductors were worth $5,976,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NXPI. Westwood Holdings Group Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in NXP Semiconductors during the 2nd quarter worth $26,000. Next Capital Management LLC purchased a new position in NXP Semiconductors during the 2nd quarter worth $26,000. Cornerstone Advisors Inc. raised its position in NXP Semiconductors by 55.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 134 shares during the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new position in NXP Semiconductors during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 74.87% of the company’s stock.

NXPI has been the subject of a number of analyst reports. Loop Capital set a $130.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a research report on Thursday, September 26th. Zacks Investment Research downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.90.

In related news, EVP Keith M. Shull sold 4,196 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $108.14, for a total value of $453,755.44. Following the sale, the executive vice president now directly owns 9,587 shares of the company’s stock, valued at approximately $1,036,738.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Keith M. Shull sold 4,569 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the completion of the sale, the executive vice president now directly owns 13,783 shares in the company, valued at $1,454,519.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,765 shares of company stock worth $1,919,522.

Shares of NXPI traded up $0.46 during trading hours on Monday, reaching $109.47. The company had a trading volume of 41,276 shares, compared to its average volume of 2,719,054. The firm has a 50 day simple moving average of $107.05 and a 200-day simple moving average of $100.20. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $36.09 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.39 and a beta of 1.25. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $113.50.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.52. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. Sell-side analysts forecast that NXP Semiconductors NV will post 6.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.37%. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, September 13th. NXP Semiconductors’s dividend payout ratio is presently 25.25%.

About NXP Semiconductors

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; battery cell controllers; 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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