Nearwater Capital Markets Ltd Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Nearwater Capital Markets Ltd bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the semiconductor provider’s stock, valued at approximately $10,392,000.

Several other institutional investors have also modified their holdings of NXPI. FMR LLC lifted its holdings in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after acquiring an additional 86,716 shares during the period. Vanguard Group Inc. increased its stake in NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after acquiring an additional 144,391 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after purchasing an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen raised their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Finally, UBS Group lowered their price target on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Four research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $246.22.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors 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 transaction 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. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $212.40 on Wednesday. The firm has a market capitalization of $53.66 billion, a PE ratio of 21.83, a P/E/G ratio of 3.01 and a beta of 1.38. The stock has a 50 day simple moving average of $188.63 and a 200 day simple moving average of $209.25. 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 quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm posted $3.24 earnings per share. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. Sell-side analysts predict that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 44.12%.

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.