Novem Group Grows Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Novem Group lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 12.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,249 shares of the semiconductor provider's stock after buying an additional 1,960 shares during the period. Novem Group's holdings in NXP Semiconductors were worth $3,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in NXP Semiconductors in the 4th quarter worth about $672,224,000. Voloridge Investment Management LLC grew its position in shares of NXP Semiconductors by 131.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. GAMMA Investing LLC grew its holdings in NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after buying an additional 581,688 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of NXP Semiconductors by 14.0% in 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 acquiring an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 0.7%

NASDAQ NXPI traded up $1.59 on Thursday, hitting $232.74. The company's stock had a trading volume of 1,299,390 shares, compared to its average volume of 2,753,622. The company's 50-day simple moving average is $204.09 and its 200 day simple moving average is $204.74. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The firm has a market cap of $58.80 billion, a P/E ratio of 25.35, a PEG ratio of 2.88 and a beta of 1.40.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the company posted $3.24 EPS. NXP Semiconductors's revenue was down 9.3% on a year-over-year basis. Research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Evercore ISI restated an "outperform" rating and set a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. TD Cowen lifted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays cut their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

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.