Jefferies Financial Group Inc. Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Jefferies Financial Group Inc. boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 26,011.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,700 shares of the semiconductor provider’s stock after acquiring an additional 4,682 shares during the quarter. Jefferies Financial Group Inc.’s holdings in NXP Semiconductors were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NXPI. Sound Income Strategies LLC boosted its holdings in NXP Semiconductors by 169.2% during the 4th 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 purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $32,000. Brooklyn Investment Group raised its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $46,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 0.3%

Shares of NASDAQ:NXPI opened at $210.73 on Friday. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The firm has a market capitalization of $53.24 billion, a P/E ratio of 21.66, a P/E/G ratio of 3.01 and a beta of 1.38. The stock has a 50 day moving average price of $188.44 and a 200-day moving average price of $209.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is currently 44.12%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus lowered their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.22.

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.