NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP raised its position in NXP Semiconductors (NASDAQ:NXPI) by 84.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,314 shares of the semiconductor provider’s stock after buying an additional 1,060 shares during the period. Dark Forest Capital Management LP’s holdings in NXP Semiconductors were worth $481,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth $46,000. Austin Private Wealth LLC grew its holdings in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after buying an additional 2,609 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of NXP Semiconductors by 6.2% in the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock worth $11,454,000 after buying an additional 3,216 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research report on Monday, April 21st. Stifel Nicolaus dropped their target price on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.10.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $193.55 on Friday. The firm has a 50 day moving average of $197.09 and a two-hundred day moving average of $213.02. The stock has a market capitalization of $49.09 billion, a PE ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40. 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 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.10%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

NXP Semiconductors Company 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.