Nearwater Capital Markets Ltd Invests $10.39 Million in NXP Semiconductors (NASDAQ:NXPI)

Nearwater Capital Markets Ltd purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,000 shares of the semiconductor provider's stock, valued at approximately $10,392,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NorthRock Partners LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at $305,000. Nuveen Asset Management LLC lifted its position in shares of NXP Semiconductors by 3.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,166,727 shares of the semiconductor provider's stock worth $242,504,000 after buying an additional 38,138 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of NXP Semiconductors by 4.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 44,371 shares of the semiconductor provider's stock worth $9,223,000 after buying an additional 2,061 shares in the last quarter. Meridiem Capital Partners LP acquired a new position in NXP Semiconductors in the 4th quarter valued at approximately $33,503,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NXP Semiconductors by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 394,056 shares of the semiconductor provider's stock worth $81,882,000 after purchasing an additional 17,345 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Down 1.3%

Shares of NXPI traded down $2.70 during midday trading on Monday, hitting $209.86. 556,173 shares of the company's stock traded hands, compared to its average volume of 2,637,777. The firm's fifty day moving average is $188.58 and its 200-day moving average is $208.27. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The stock has a market capitalization of $53.02 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued 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 company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $3.24 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NXPI shares. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Citigroup dropped their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. UBS Group decreased their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays reduced their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Four 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.22.

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.