Aspetuck Financial Management LLC Takes Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Aspetuck Financial Management LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,900 shares of the semiconductor provider’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in NXP Semiconductors in the 4th quarter valued at about $672,224,000. Voloridge Investment Management LLC lifted its position in NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. GAMMA Investing LLC lifted its position in NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock valued at $110,969,000 after purchasing an additional 581,688 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 36.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.0%

NASDAQ NXPI opened at $216.28 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The company’s 50 day simple moving average is $199.33 and its 200 day simple moving average is $204.66. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a market capitalization of $54.64 billion, a P/E ratio of 23.56, a PEG ratio of 2.72 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm earned $3.24 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.88%. NXP Semiconductors’s payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. TD Cowen lifted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Citigroup cut their price objective 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. Finally, Evercore ISI restated an “outperform” rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $244.78.

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.