Bank of Montreal Can Sells 164,459 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bank of Montreal Can reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 28.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 413,687 shares of the semiconductor provider’s stock after selling 164,459 shares during the quarter. Bank of Montreal Can owned about 0.16% of NXP Semiconductors worth $101,324,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in NXP Semiconductors in the second quarter valued at $27,000. Addison Advisors LLC increased its position in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its stake in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares during the period. Beacon Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Fortitude Family Office LLC raised its holdings in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NXPI shares. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Susquehanna dropped their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, 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. One equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $228.66 on Wednesday. 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 company has a 50-day moving average price of $233.53 and a 200-day moving average price of $250.98. The company has a market cap of $58.12 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 4.70 and a beta of 1.49. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. As a group, equities analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents 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. 0.11% of the stock is owned by corporate insiders.

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.