Lansforsakringar Fondforvaltning AB publ Acquires Shares of 56,613 NXP Semiconductors (NASDAQ:NXPI)

Lansforsakringar Fondforvaltning AB publ acquired a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 56,613 shares of the semiconductor provider's stock, valued at approximately $11,767,000.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $44,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $46,000. Finally, Asset Dedication LLC lifted its position in shares of NXP Semiconductors by 126.6% during the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock valued at $74,000 after buying an additional 200 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $1.68 during midday trading on Monday, hitting $192.81. The company's stock had a trading volume of 1,734,231 shares, compared to its average volume of 2,688,327. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The firm's 50 day moving average is $186.83 and its 200-day moving average is $205.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market cap of $48.71 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $3.24 EPS. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.10%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

NXP Semiconductors 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.