Concentric Capital Strategies LP Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Concentric Capital Strategies LP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, Holdings Channel reports. The fund bought 92,325 shares of the semiconductor provider’s stock, valued at approximately $20,040,000. NXP Semiconductors comprises 1.0% of Concentric Capital Strategies LP’s portfolio, making the stock its 13th largest position.

Several other large investors have also recently bought and sold shares of NXPI. MCF Advisors LLC increased its holdings in shares of NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares during the period. Aptus Capital Advisors LLC boosted its stake in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after buying an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in NXP Semiconductors by 0.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after buying an additional 50 shares in the last quarter. IHT Wealth Management LLC grew its position in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. increased its stake in NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after acquiring an additional 54 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 1.5%

NASDAQ NXPI opened at $298.20 on Thursday. The firm has a market cap of $75.29 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The stock has a 50-day moving average of $277.29 and a 200-day moving average of $240.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $2.64 EPS. As a group, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analyst Ratings Changes

NXPI has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. KeyCorp raised their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein increased their price target on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This represents a 45.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 over the last three months. 0.05% of the stock is owned by company insiders.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.