Polar Capital Holdings Plc Acquires 14,350 Shares of NXP Semiconductors (NASDAQ:NXPI)

Polar Capital Holdings Plc increased its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,300 shares of the semiconductor provider's stock after purchasing an additional 14,350 shares during the quarter. Polar Capital Holdings Plc's holdings in NXP Semiconductors were worth $8,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SeaCrest Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 24.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,896 shares of the semiconductor provider's stock valued at $394,000 after acquiring an additional 375 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in NXP Semiconductors by 32.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,563 shares of the semiconductor provider's stock worth $533,000 after purchasing an additional 631 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in NXP Semiconductors by 19.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,484 shares of the semiconductor provider's stock valued at $309,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in NXP Semiconductors by 38.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 628 shares of the semiconductor provider's stock valued at $131,000 after purchasing an additional 176 shares in the last quarter. Finally, Outlook Wealth Advisors LLC increased its position in shares of NXP Semiconductors by 25.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,852 shares of the semiconductor provider's stock valued at $385,000 after purchasing an additional 377 shares during the period. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. TD Cowen upped their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays reduced their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC dropped their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The stock was 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 approximately $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is owned by insiders.

NXP Semiconductors Stock Down 1.0%

Shares of NASDAQ NXPI traded down $2.20 during mid-day trading on Monday, reaching $210.36. 2,108,791 shares of the company's stock were exchanged, compared to its average volume of 2,643,844. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $53.14 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.01 and a beta of 1.38. The business has a fifty day simple moving average of $188.58 and a 200 day simple moving average of $208.27.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued 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. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.24 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. 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.