ARGA Investment Management LP Raises Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

ARGA Investment Management LP grew its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 608.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,361 shares of the semiconductor provider's stock after buying an additional 34,666 shares during the period. NXP Semiconductors accounts for about 0.3% of ARGA Investment Management LP's portfolio, making the stock its 27th largest position. ARGA Investment Management LP's holdings in NXP Semiconductors were worth $7,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of NXP Semiconductors by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after buying an additional 58 shares in the last quarter. Keel Point LLC boosted its stake in NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares in the last quarter. MV Capital Management Inc. boosted its stake in NXP Semiconductors by 10.4% in the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after purchasing an additional 66 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider's stock worth $779,000 after purchasing an additional 68 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in NXP Semiconductors by 2.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider's stock worth $720,000 after purchasing an additional 70 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $3.74 during trading on Wednesday, hitting $228.60. 355,332 shares of the stock traded hands, compared to its average volume of 2,753,451. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The company has a market cap of $57.75 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 2.82 and a beta of 1.40. The company has a fifty day moving average price of $207.24 and a two-hundred day moving average price of $205.18. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 EPS. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NXPI shares. Barclays lowered their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. TD Cowen lifted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. UBS Group raised their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $250.63.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.12% of the company's stock.

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.