Dynamic Technology Lab Private Ltd Makes New $882,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Dynamic Technology Lab Private Ltd bought a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,841 shares of the semiconductor provider's stock, valued at approximately $882,000.

Several other institutional investors have also made changes to their positions in NXPI. Operose Advisors LLC purchased a new position in NXP Semiconductors during the third quarter valued at approximately $26,000. Valley National Advisers Inc. grew its position in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock valued at $31,000 after purchasing an additional 68 shares in the last quarter. Atticus Wealth Management LLC grew its position in NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider's stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Avalon Trust Co purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $42,000. Finally, Valued Wealth Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $54,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI traded up $4.41 during trading hours on Wednesday, hitting $278.83. The stock had a trading volume of 2,178,682 shares, compared to its average volume of 2,298,409. The company's fifty day moving average is $246.98 and its two-hundred day moving average is $229.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. NXP Semiconductors has a 52 week low of $163.26 and a 52 week high of $280.24. The stock has a market capitalization of $71.29 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 0.99 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. On average, analysts anticipate that NXP Semiconductors will post 12.44 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio is currently 37.49%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 12th. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. UBS Group lifted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a "buy" rating and a $325.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $265.40.

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.