Rehmann Capital Advisory Group Has $348,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Rehmann Capital Advisory Group trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,448 shares of the semiconductor provider’s stock after selling 66 shares during the period. Rehmann Capital Advisory Group’s holdings in NXP Semiconductors were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NXPI. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter worth approximately $27,000. Addison Advisors LLC boosted its stake in shares of NXP Semiconductors by 224.2% during 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 during the period. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth $33,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth $48,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company initiated coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Barclays dropped their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. The Goldman Sachs Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Stock Down 1.0 %

Shares of NXPI opened at $217.73 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $230.90 and a two-hundred day moving average price of $247.46. The stock has a market cap of $55.34 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 4.43 and a beta of 1.46. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

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.