Financial Counselors Inc. Cuts Position in NXP Semiconductors NV (NXPI)

Financial Counselors Inc. trimmed its position in NXP Semiconductors NV (NASDAQ:NXPI) by 26.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,135 shares of the semiconductor provider’s stock after selling 1,135 shares during the period. Financial Counselors Inc.’s holdings in NXP Semiconductors were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. First Quadrant L P CA purchased a new stake in NXP Semiconductors in the third quarter valued at $108,000. Signaturefd LLC boosted its holdings in NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after purchasing an additional 796 shares during the last quarter. Princeton Capital Management LLC purchased a new stake in NXP Semiconductors in the second quarter valued at $127,000. Benjamin F. Edwards & Company Inc. boosted its holdings in NXP Semiconductors by 221.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the semiconductor provider’s stock valued at $206,000 after purchasing an additional 1,658 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in NXP Semiconductors in the second quarter valued at $207,000. 83.37% of the stock is currently owned by institutional investors.

NXPI stock opened at $84.08 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.98. NXP Semiconductors NV has a 52-week low of $69.72 and a 52-week high of $125.93. The stock has a market cap of $28.89 billion, a PE ratio of 12.15, a PEG ratio of 0.70 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, September 24th. NXP Semiconductors’s payout ratio is currently 11.84%.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Saturday, July 7th. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $102.00 to $99.00 and set a “hold” rating on the stock in a report on Friday, July 27th. JPMorgan Chase & Co. lowered their price target on shares of NXP Semiconductors from $127.50 to $110.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Finally, Barclays assumed coverage on shares of NXP Semiconductors in a report on Thursday, August 2nd. They issued an “equal weight” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $103.38.

NXP Semiconductors Profile

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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

Further Reading: Fundamental Analysis

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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