Novem Group Makes New $3.18 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Novem Group bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,289 shares of the semiconductor provider's stock, valued at approximately $3,178,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NXP Semiconductors by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider's stock valued at $555,248,000 after purchasing an additional 377,048 shares during the last quarter. Voloridge Investment Management LLC raised its stake in NXP Semiconductors by 131.4% in the 4th 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. Waverly Advisors LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $1,168,000. Williams Jones Wealth Management LLC. raised its stake in NXP Semiconductors by 1.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,086 shares of the semiconductor provider's stock valued at $2,928,000 after purchasing an additional 218 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in NXP Semiconductors by 5.9% in the 4th quarter. Vident Advisory LLC now owns 6,294 shares of the semiconductor provider's stock valued at $1,309,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 2.2%

Shares of NXP Semiconductors stock traded down $4.36 during trading hours on Friday, hitting $192.15. The company's stock had a trading volume of 3,674,138 shares, compared to its average volume of 2,669,592. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The firm has a fifty day moving average of $188.29 and a 200-day moving average of $207.56. The stock has a market cap of $48.54 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38. 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 (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company posted $3.24 EPS. The company's quarterly revenue was down 9.3% on a year-over-year basis. Research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.11%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Analyst Ratings Changes

Several research firms recently commented on NXPI. Needham & Company LLC reduced their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Susquehanna dropped their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a report on Monday, April 21st. Citigroup dropped their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.