Two Sigma Advisers LP Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Two Sigma Advisers LP raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3,165.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,200 shares of the semiconductor provider’s stock after purchasing an additional 145,600 shares during the quarter. Two Sigma Advisers LP’s holdings in NXP Semiconductors were worth $36,050,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after acquiring an additional 1,823,650 shares during the period. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the period. International Assets Investment Management LLC lifted its holdings in NXP Semiconductors by 24,533.2% during the third 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. Finally, Ceredex Value Advisors LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at approximately $84,901,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Trading Up 0.8 %

NASDAQ:NXPI opened at $218.66 on Friday. 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 stock has a market capitalization of $55.57 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 4.51 and a beta of 1.46. The stock has a fifty day moving average price of $231.83 and a two-hundred day moving average price of $248.63. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.65%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Susquehanna lowered their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

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.