Voloridge Investment Management LLC Purchases 582,317 Shares of NXP Semiconductors (NASDAQ:NXPI)

Voloridge Investment Management LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 131.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025,517 shares of the semiconductor provider's stock after buying an additional 582,317 shares during the quarter. NXP Semiconductors accounts for approximately 0.8% of Voloridge Investment Management LLC's holdings, making the stock its 10th biggest holding. Voloridge Investment Management LLC owned about 0.40% of NXP Semiconductors worth $213,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. Waverly Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $1,168,000. Williams Jones Wealth Management LLC. raised its stake in shares of NXP Semiconductors by 1.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,086 shares of the semiconductor provider's stock valued at $2,928,000 after purchasing an additional 218 shares in the last quarter. Vident Advisory LLC raised its stake in shares of NXP Semiconductors by 5.9% in the 4th quarter. Vident Advisory LLC now owns 6,294 shares of the semiconductor provider's stock valued at $1,309,000 after purchasing an additional 348 shares in the last quarter. Twinbeech Capital LP acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $67,577,000. Finally, Tidal Investments LLC raised its stake in shares of NXP Semiconductors by 58.3% in the 4th quarter. Tidal Investments LLC now owns 28,682 shares of the semiconductor provider's stock valued at $5,962,000 after purchasing an additional 10,558 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. 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. Finally, Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

NXP Semiconductors Stock Down 1.0%

NXPI stock opened at $210.36 on Tuesday. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market cap of $53.14 billion, a PE ratio of 21.62, a P/E/G ratio of 3.01 and a beta of 1.38. The firm has a 50 day simple moving average of $188.70 and a 200 day simple moving average of $208.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $3.24 earnings per share. The business's quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the business's 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.

About NXP Semiconductors

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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