Twinbeech Capital LP Purchases Shares of 325,122 NXP Semiconductors (NASDAQ:NXPI)

Twinbeech Capital LP purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 325,122 shares of the semiconductor provider’s stock, valued at approximately $67,577,000. NXP Semiconductors accounts for approximately 1.2% of Twinbeech Capital LP’s portfolio, making the stock its 13th largest holding.

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Brooklyn Investment Group lifted its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $46,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 0.9%

Shares of NXPI opened at $212.56 on Monday. The firm has a market capitalization of $53.70 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The business’s fifty day moving average price is $188.58 and its two-hundred day moving average price is $208.27. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $3.24 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. On average, analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.91%. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NXPI shares. Truist Financial increased their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Barclays reduced their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.22.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

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.