Tidal Investments LLC Buys 10,558 Shares of NXP Semiconductors (NASDAQ:NXPI)

Tidal Investments LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 58.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,682 shares of the semiconductor provider's stock after buying an additional 10,558 shares during the period. Tidal Investments LLC's holdings in NXP Semiconductors were worth $5,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its position in shares of NXP Semiconductors by 19.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,777 shares of the semiconductor provider's stock valued at $577,000 after purchasing an additional 459 shares during the period. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the 4th quarter worth approximately $360,000. HB Wealth Management LLC grew its position in NXP Semiconductors by 9.3% during the 4th quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider's stock worth $735,000 after purchasing an additional 302 shares in the last quarter. Central Bank & Trust Co. lifted its holdings in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in shares of NXP Semiconductors by 8.8% in the fourth quarter. Pure Financial Advisors LLC now owns 2,399 shares of the semiconductor provider's stock valued at $499,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. Needham & Company LLC lowered their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Down 2.2%

Shares of NASDAQ NXPI traded down $4.36 during mid-day trading on Monday, reaching $192.15. 3,674,138 shares of the company traded hands, compared to its average volume of 2,675,012. The company's fifty day moving average is $188.29 and its two-hundred day moving average is $207.20. 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 fifty-two week low of $148.09 and a fifty-two week high of $296.08. The stock has a market cap of $48.54 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38.

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 company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company posted $3.24 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced 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 2.11%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company's stock.

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.