Colonial River Investments LLC Takes Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Colonial River Investments LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,699 shares of the semiconductor provider's stock, valued at approximately $323,000.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in NXP Semiconductors during the 4th quarter worth $672,224,000. Voloridge Investment Management LLC grew its position in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after buying an additional 582,317 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock worth $110,969,000 after buying an additional 581,688 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after buying an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after buying an additional 414,932 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.6%

Shares of NXP Semiconductors stock opened at $217.04 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The company has a market capitalization of $54.83 billion, a P/E ratio of 23.64, a PEG ratio of 2.71 and a beta of 1.39. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08. The company's fifty day moving average is $201.21 and its two-hundred day moving average is $204.52.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping 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 19.16% and a return on equity of 29.62%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.24 earnings per share. Analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.23%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen boosted their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Citigroup decreased their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. UBS Group cut their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their price target on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Four 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.78.

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.

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