Aigen Investment Management LP Takes $845,000 Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Aigen Investment Management LP acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,448 shares of the semiconductor provider’s stock, valued at approximately $845,000.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after purchasing an additional 218 shares during the period. Rockefeller Capital Management L.P. raised its holdings in NXP Semiconductors by 5.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,155 shares of the semiconductor provider’s stock valued at $3,157,000 after buying an additional 811 shares during the period. Sagespring Wealth Partners LLC acquired a new position in NXP Semiconductors in the fourth quarter valued at about $1,432,000. Advisors Capital Management LLC lifted its position in NXP Semiconductors by 5.1% in the fourth quarter. Advisors Capital Management LLC now owns 2,594 shares of the semiconductor provider’s stock valued at $539,000 after buying an additional 127 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in NXP Semiconductors by 3.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,562 shares of the semiconductor provider’s stock worth $2,195,000 after buying an additional 317 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a “buy” rating and a $276.00 price target for the company. Needham & Company LLC boosted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley set a $229.00 target price on NXP Semiconductors in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $256.05.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $205.16 on Tuesday. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $259.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The firm has a market capitalization of $51.72 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. The business’s fifty day moving average price is $218.43 and its 200 day moving average price is $206.48.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm posted $3.20 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors’s payout ratio is currently 48.39%.

Insider Activity at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.