Versant Capital Management Inc Purchases 1,929 Shares of NXP Semiconductors (NASDAQ:NXPI)

Versant Capital Management Inc lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3,782.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,980 shares of the semiconductor provider's stock after buying an additional 1,929 shares during the quarter. Versant Capital Management Inc's holdings in NXP Semiconductors were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of NXP Semiconductors in the fourth quarter worth $672,224,000. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Voloridge Investment Management LLC grew its position in 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 acquiring an additional 582,317 shares during the last quarter. Pictet Asset Management Holding SA grew its position in 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 valued at $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% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after acquiring an additional 414,932 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Up 3.2%

NASDAQ NXPI traded up $6.15 during trading hours on Tuesday, hitting $198.96. The company's stock had a trading volume of 2,863,084 shares, compared to its average volume of 3,216,167. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a market capitalization of $50.26 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company's 50-day simple moving average is $186.83 and its two-hundred day simple moving average is $205.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. Research analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.04%. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.12%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. UBS Group cut their price objective on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four equities research 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $246.22.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

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.