Novem Group Makes New $3.18 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Novem Group bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, Holdings Channel reports. The firm bought 15,289 shares of the semiconductor provider’s stock, valued at approximately $3,178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Sound Income Strategies LLC grew its position in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Finally, Asset Dedication LLC boosted its holdings in shares of NXP Semiconductors by 126.6% in the 4th quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider’s stock valued at $74,000 after purchasing an additional 200 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

NXP Semiconductors Stock Down 0.1%

NXPI stock opened at $210.08 on Wednesday. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market cap of $53.07 billion, a PE ratio of 21.59, a P/E/G ratio of 3.01 and a beta of 1.38. The firm has a 50 day simple moving average of $188.88 and a 200 day simple moving average of $208.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 1.93%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup decreased their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. cut their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four 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 has a consensus rating of “Moderate Buy” and a consensus price target of $246.22.

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.