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

Twinbeech Capital LP acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 325,122 shares of the semiconductor provider's stock, valued at approximately $67,577,000. NXP Semiconductors comprises 1.2% of Twinbeech Capital LP's investment portfolio, making the stock its 13th biggest position. Twinbeech Capital LP owned approximately 0.13% of NXP Semiconductors as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Central Bank & Trust Co. lifted its stake in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA grew its holdings in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after purchasing an additional 53 shares during the period. J. W. Coons Advisors LLC grew its holdings in shares of NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after purchasing an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC grew its holdings in shares of NXP Semiconductors by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after purchasing an additional 61 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. TD Cowen lifted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Barclays reduced their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, UBS Group lowered their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Down 2.2%

NASDAQ:NXPI traded down $4.36 during midday trading on Friday, reaching $192.15. The company had a trading volume of 3,674,138 shares, compared to its average volume of 2,669,592. The firm has a market capitalization of $48.54 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. The stock's fifty day simple moving average is $188.29 and its 200-day simple moving average is $207.56. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its 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. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $3.24 earnings per share. On average, sell-side analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.11%. NXP Semiconductors's payout ratio is 44.12%.

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.