Hartford Funds Management Co LLC Has $839,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Hartford Funds Management Co LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 25.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,495 shares of the semiconductor provider’s stock after selling 1,167 shares during the quarter. Hartford Funds Management Co LLC’s holdings in NXP Semiconductors were worth $839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SevenBridge Financial Group LLC raised its holdings in NXP Semiconductors by 3.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,069 shares of the semiconductor provider’s stock valued at $470,000 after acquiring an additional 61 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of NXP Semiconductors by 213.8% in the third quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock valued at $218,000 after purchasing an additional 618 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in NXP Semiconductors by 26.1% in the third quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock worth $483,000 after purchasing an additional 416 shares during the period. Cerity Partners LLC boosted its stake in NXP Semiconductors by 21.3% during the third quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider’s stock worth $8,432,000 after buying an additional 6,164 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in NXP Semiconductors by 14.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider’s stock valued at $599,000 after buying an additional 311 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $226.38 on Friday. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $233.53 and its 200-day moving average is $251.46. The firm has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. Sell-side analysts forecast that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Profile

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.