Meridiem Capital Partners LP Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Meridiem Capital Partners LP bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 161,190 shares of the semiconductor provider's stock, valued at approximately $33,503,000. NXP Semiconductors accounts for approximately 2.9% of Meridiem Capital Partners LP's investment portfolio, making the stock its 8th largest holding. Meridiem Capital Partners LP owned approximately 0.06% of NXP Semiconductors at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Assenagon Asset Management S.A. raised its position in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after acquiring an additional 511,553 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after acquiring an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 worth $322,764,000 after purchasing an additional 414,932 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NXPI. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Barclays decreased their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup decreased their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. 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 company's stock. Based on data from MarketBeat, NXP Semiconductors 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 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Trading Up 0.9%

NASDAQ:NXPI traded up $1.83 on Friday, reaching $212.56. The stock had a trading volume of 2,093,686 shares, compared to its average volume of 2,640,789. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a market cap of $53.70 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 3.01 and a beta of 1.38. The firm's fifty day moving average is $188.44 and its two-hundred day moving average is $209.00. 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 announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.24 earnings per share. Equities analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

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.