USS Investment Management Ltd Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

USS Investment Management Ltd trimmed its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,104 shares of the semiconductor provider's stock after selling 3,406 shares during the period. USS Investment Management Ltd's holdings in NXP Semiconductors were worth $9,378,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NXPI. Merit Financial Group LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $360,000. HB Wealth Management LLC grew its holdings in NXP Semiconductors by 9.3% during the fourth quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider's stock valued at $735,000 after purchasing an additional 302 shares during the period. Pure Financial Advisors LLC increased its position in NXP Semiconductors by 8.8% in the fourth quarter. Pure Financial Advisors LLC now owns 2,399 shares of the semiconductor provider's stock worth $499,000 after buying an additional 194 shares in the last quarter. Ballentine Partners LLC increased its position in NXP Semiconductors by 163.7% in the fourth quarter. Ballentine Partners LLC now owns 3,381 shares of the semiconductor provider's stock worth $703,000 after buying an additional 2,099 shares in the last quarter. Finally, Octavia Wealth Advisors LLC raised its stake in shares of NXP Semiconductors by 50.1% in the fourth quarter. Octavia Wealth Advisors LLC now owns 1,321 shares of the semiconductor provider's stock worth $275,000 after buying an additional 441 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $6.49 during midday trading on Tuesday, reaching $198.64. 1,269,296 shares of the stock traded hands, compared to its average volume of 2,669,597. The stock has a market cap of $50.18 billion, a P/E ratio of 20.48, a PEG ratio of 3.01 and a beta of 1.38. The stock's fifty day moving average is $187.99 and its 200-day moving average is $206.90. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted $3.24 earnings per share. NXP Semiconductors's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is 44.12%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NXPI has been the topic of several analyst reports. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Barclays lowered their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Needham & Company LLC cut their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $246.22.

About NXP Semiconductors

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.