Plato Investment Management Ltd Acquires New Holdings in NXP Semiconductors (NASDAQ:NXPI)

Plato Investment Management Ltd acquired a new position in NXP Semiconductors (NASDAQ:NXPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,894 shares of the semiconductor provider’s stock, valued at approximately $934,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Van ECK Associates Corp lifted its position in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. International Assets Investment Management LLC boosted its stake in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at $84,901,000. Finally, Bessemer Group Inc. increased its position in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NXPI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday. They set a “buy” rating and a $300.00 target price for the company. Barclays dropped their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC reduced their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $276.76.

NXP Semiconductors Stock Up 0.4 %

NXP Semiconductors stock opened at $223.96 on Friday. NXP Semiconductors has a twelve month low of $196.43 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market cap of $56.92 billion, a PE ratio of 21.37, a P/E/G ratio of 4.48 and a beta of 1.49. The firm’s 50 day moving average price is $234.59 and its two-hundred day moving average price is $253.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company posted $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, research analysts predict that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.