Dohj LLC Acquires Shares of 1,981 NXP Semiconductors (NASDAQ:NXPI)

Dohj LLC purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,981 shares of the semiconductor provider's stock, valued at approximately $377,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after acquiring an additional 86,716 shares during the period. Vanguard Group Inc. grew its holdings in shares of NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after purchasing an additional 144,391 shares during the period. Geode Capital Management LLC grew its holdings in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NXPI shares. UBS Group dropped their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Citigroup lowered their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, April 11th. TD Cowen raised their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Barclays lowered their price objective 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. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $244.78.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction 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 transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Down 3.0%

NXPI stock traded down $6.50 during midday trading on Friday, reaching $210.90. 1,839,860 shares of the company were exchanged, compared to its average volume of 2,729,182. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The stock's 50-day simple moving average is $192.58 and its 200 day simple moving average is $205.18. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $3.24 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors's payout ratio is 44.12%.

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.