Jefferies Financial Group Inc. Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Jefferies Financial Group Inc. increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 26,011.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the semiconductor provider's stock after buying an additional 4,682 shares during the period. Jefferies Financial Group Inc.'s holdings in NXP Semiconductors were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Kettle Hill Capital Management LLC purchased a new position in NXP Semiconductors in the 4th quarter valued at about $12,215,000. Fiduciary Trust Co boosted its stake in shares of NXP Semiconductors by 3.1% in the fourth quarter. Fiduciary Trust Co now owns 4,731 shares of the semiconductor provider's stock worth $983,000 after acquiring an additional 144 shares during the last quarter. Deutsche Bank AG increased its position in shares of NXP Semiconductors by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,534,545 shares of the semiconductor provider's stock worth $318,955,000 after purchasing an additional 205,153 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of NXP Semiconductors by 9.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 115,545 shares of the semiconductor provider's stock worth $24,016,000 after buying an additional 9,536 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in shares of NXP Semiconductors by 100.8% in the fourth quarter. Dunhill Financial LLC now owns 508 shares of the semiconductor provider's stock valued at $101,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Barclays cut 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. UBS Group dropped their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Citigroup decreased their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $2.20 during midday trading on Monday, reaching $210.36. The stock had a trading volume of 2,108,791 shares, compared to its average volume of 2,643,844. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock 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. The firm has a fifty day simple moving average of $188.58 and a two-hundred day simple moving average of $208.27. NXP Semiconductors has a 12-month low of $148.09 and a 12-month 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, topping the consensus estimate 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 in the prior year, the business posted $3.24 earnings per share. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. On average, equities analysts expect that NXP Semiconductors will post 10.28 EPS for the current 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 given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

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.