Havemeyer Place LP purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,118 shares of the semiconductor provider’s stock, valued at approximately $460,000.
Several other large investors also recently added to or reduced their stakes in the stock. 111 Capital lifted its stake in shares of NXP Semiconductors by 6.0% in the 4th quarter. 111 Capital now owns 3,554 shares of the semiconductor provider’s stock valued at $771,000 after purchasing an additional 202 shares during the last quarter. MCF Advisors LLC increased its position in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after purchasing an additional 43 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its holdings in NXP Semiconductors by 46.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 2,744 shares of the semiconductor provider’s stock valued at $596,000 after buying an additional 865 shares during the period. WINTON GROUP Ltd lifted its position in NXP Semiconductors by 71.1% in the fourth quarter. WINTON GROUP Ltd now owns 10,697 shares of the semiconductor provider’s stock worth $2,322,000 after buying an additional 4,446 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in NXP Semiconductors by 14.1% during the fourth quarter. Parallel Advisors LLC now owns 2,566 shares of the semiconductor provider’s stock worth $557,000 after buying an additional 318 shares during the period. 90.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Mizuho upped their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a report on Wednesday, April 29th. Cantor Fitzgerald increased their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Finally, TD Cowen boosted their target price on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.92.
NXP Semiconductors Stock Down 1.2%
Shares of NXPI opened at $297.41 on Wednesday. The firm has a market capitalization of $75.09 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.09 and a beta of 1.77. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average price of $264.41 and a 200-day moving average price of $236.27.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $2.64 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.
Insider Transactions at NXP Semiconductors
In related news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,611 shares of company stock valued at $3,061,078. 0.05% of the stock is currently owned by company insiders.
About NXP Semiconductors
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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