Two Sigma Investments LP Sells 261,534 Shares of NXP Semiconductors (NASDAQ:NXPI)

Two Sigma Investments LP lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 39.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,396 shares of the semiconductor provider's stock after selling 261,534 shares during the quarter. Two Sigma Investments LP owned 0.15% of NXP Semiconductors worth $81,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Norges Bank bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in NXP Semiconductors by 36.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in NXP Semiconductors by 10.2% during the 4th quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after purchasing an additional 402,672 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 2.2%

Shares of NXP Semiconductors stock traded down $4.36 during trading on Friday, reaching $192.15. 3,674,138 shares of the company were exchanged, compared to its average volume of 2,675,012. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The business has a 50-day moving average price of $188.29 and a 200-day moving average price of $207.40. The firm has a market capitalization of $48.54 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38.

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 analysts' expectations of $2.83 billion. During the same period in the previous year, the firm earned $3.24 earnings per share. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. Sell-side analysts anticipate 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. Investors of record on Wednesday, March 19th were paid a dividend of $1.014 per share. 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 dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Barclays dropped their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by 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.