Two Sigma Investments LP Lowers Stake in NXP Semiconductors (NASDAQ:NXPI)

Two Sigma Investments LP cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after acquiring an additional 144,391 shares during the last quarter. Geode Capital Management LLC lifted its position in NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after buying an additional 96,483 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after acquiring an additional 269,656 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Stock Down 1.0%

Shares of NXP Semiconductors stock opened at $210.36 on Tuesday. The stock has a 50-day moving average price of $188.70 and a 200 day moving average price of $208.07. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market cap of $53.14 billion, a P/E ratio of 21.62, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data 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. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the firm earned $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, analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business'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 owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company's stock.

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.

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