NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Polar Capital Holdings Plc

Polar Capital Holdings Plc raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 53.2% during the fourth quarter, HoldingsChannel reports. The firm owned 41,300 shares of the semiconductor provider’s stock after purchasing an additional 14,350 shares during the quarter. Polar Capital Holdings Plc’s holdings in NXP Semiconductors were worth $8,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NXPI. 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 worth $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the fourth quarter worth $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors during the fourth quarter worth $32,000. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors during the fourth quarter worth $46,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $210.73 on Friday. 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 stock 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 company’s fifty day moving average is $188.44 and its two-hundred day moving average is $209.00. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

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, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company posted $3.24 EPS. NXP Semiconductors’s revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed 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 was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s payout ratio is 44.12%.

Analysts Set New Price Targets

NXPI has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. TD Cowen increased their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. 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 company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $246.22.

About NXP Semiconductors

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.