Point72 Hong Kong Ltd bought a new position in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,100 shares of the semiconductor provider’s stock, valued at approximately $267,000.
A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Voya Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 4.2% during the 3rd quarter. Voya Investment Management LLC now owns 2,068,373 shares of the semiconductor provider’s stock worth $225,701,000 after acquiring an additional 83,664 shares during the period. Voya Financial Advisors Inc. raised its position in NXP Semiconductors by 11.7% in the third quarter. Voya Financial Advisors Inc. now owns 6,806 shares of the semiconductor provider’s stock worth $725,000 after purchasing an additional 713 shares in the last quarter. Eventide Asset Management LLC acquired a new position in NXP Semiconductors in the third quarter worth about $1,582,000. RDA Financial Network bought a new position in NXP Semiconductors during the third quarter worth about $227,000. Finally, Boston Partners lifted its stake in NXP Semiconductors by 5.1% during the third quarter. Boston Partners now owns 5,276,672 shares of the semiconductor provider’s stock worth $576,116,000 after purchasing an additional 256,202 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors stock traded up $4.86 on Thursday, reaching $89.72. The company’s stock had a trading volume of 4,068,281 shares, compared to its average volume of 3,659,866. The business’s fifty day moving average price is $113.73 and its 200 day moving average price is $117.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.16 and a current ratio of 1.82. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 105.55, a PEG ratio of 1.32 and a beta of 1.28. NXP Semiconductors NV has a twelve month low of $58.41 and a twelve month high of $139.59.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 3rd. The semiconductor provider reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.28. NXP Semiconductors had a return on equity of 24.03% and a net margin of 2.74%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.28 billion. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. As a group, equities analysts forecast that NXP Semiconductors NV will post 6.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, March 13th. NXP Semiconductors’s dividend payout ratio is currently 18.66%.
Several research firms have recently weighed in on NXPI. Sanford C. Bernstein lowered their price objective on NXP Semiconductors from $140.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Deutsche Bank cut their target price on NXP Semiconductors from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $125.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Bank of America boosted their price target on NXP Semiconductors from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $138.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.18.
NXP Semiconductors Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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