Sciencast Management LP Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Sciencast Management LP bought a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,426 shares of the semiconductor provider’s stock, valued at approximately $1,543,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ascent Group LLC increased its stake in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares during the last quarter. Central Bank & Trust Co. increased its position in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after purchasing an additional 51 shares during the last quarter. Private Trust Co. NA increased its position in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after purchasing an additional 53 shares during the last quarter. Finally, J. W. Coons Advisors LLC increased its position in shares of NXP Semiconductors by 2.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock worth $618,000 after purchasing an additional 60 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.0 %

NASDAQ:NXPI opened at $200.64 on Friday. The firm has a market cap of $50.89 billion, a P/E ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. 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 stock’s 50 day simple moving average is $215.46 and its 200-day simple moving average is $222.97. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Insider Activity

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 directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Needham & Company LLC decreased their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

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.