NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Light Street Capital Management LLC

Light Street Capital Management LLC trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 12.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,600 shares of the semiconductor provider’s stock after selling 225 shares during the period. NXP Semiconductors accounts for about 0.1% of Light Street Capital Management LLC’s holdings, making the stock its 24th largest holding. Light Street Capital Management LLC’s holdings in NXP Semiconductors were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NXPI. Merit Financial Group LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at $46,000. Austin Private Wealth LLC boosted its position in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period. Asset Management One Co. Ltd. increased its holdings in NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Czech National Bank raised its position in NXP Semiconductors by 6.2% in the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after purchasing an additional 3,216 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were 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 of the company’s stock, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NXPI. Needham & Company LLC lowered their target price on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. UBS Group decreased their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. TD Cowen boosted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.37.

NXP Semiconductors Price Performance

NXPI opened at $192.17 on Monday. The firm has a market capitalization of $48.55 billion, a P/E ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average of $188.87 and a 200-day moving average of $209.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $3.24 earnings per share. NXP Semiconductors’s quarterly revenue was down 9.3% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.12%.

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.