Two Sigma Advisers LP Cuts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Two Sigma Advisers LP lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,500 shares of the semiconductor provider's stock after selling 66,700 shares during the period. Two Sigma Advisers LP's holdings in NXP Semiconductors were worth $17,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NXPI. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the 4th quarter worth about $32,000. Smithfield Trust Co bought a new position in NXP Semiconductors in the 4th quarter worth about $32,000. Asset Dedication LLC boosted its stake in NXP Semiconductors by 126.6% in the 4th quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock worth $74,000 after purchasing an additional 200 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in NXP Semiconductors by 25.5% in the 4th quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock worth $81,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $7.44 on Tuesday, reaching $199.59. 1,162,473 shares of the stock were exchanged, compared to its average volume of 2,669,340. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The firm has a market capitalization of $50.42 billion, a PE ratio of 20.48, a PEG ratio of 3.01 and a beta of 1.38. The company's 50-day simple moving average is $187.99 and its two-hundred day simple moving average is $206.90. 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 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the business earned $3.24 EPS. The firm's revenue was down 9.3% compared to the same quarter last year. Analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.12%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Citigroup lowered their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Four 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 stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $246.22.

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.