325,122 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 325,122 shares of the semiconductor provider's stock, valued at approximately $67,577,000. NXP Semiconductors comprises approximately 1.2% of Twinbeech Capital LP's holdings, making the stock its 13th largest holding. Twinbeech Capital LP owned 0.13% of NXP Semiconductors at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NXPI. Sound Income Strategies LLC lifted its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $32,000. Brooklyn Investment Group lifted its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors during the fourth quarter worth about $46,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NXPI. TD Cowen upped their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wall Street Zen cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $246.22.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the business's 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 completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Stock Down 4.3%

Shares of NXP Semiconductors stock traded down $8.84 on Thursday, reaching $196.51. 5,012,107 shares of the company were exchanged, compared to its average volume of 2,664,203. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a market cap of $49.64 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. 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 stock's 50 day moving average price is $188.86 and its 200-day moving average price is $208.06.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $3.24 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 44.12%.

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.