Point72 Europe London LLP Takes $13.97 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Point72 Europe London LLP acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 67,200 shares of the semiconductor provider's stock, valued at approximately $13,968,000.

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

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Citigroup dropped their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $0.07 during mid-day trading on Tuesday, reaching $210.29. 525,726 shares of the company traded hands, compared to its average volume of 3,207,149. The company's 50 day moving average price is $188.70 and its 200-day moving average price is $208.07. The firm has a market cap of $53.13 billion, a PE ratio of 21.61, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. 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 issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $3.24 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by company insiders.

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.