NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 34.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,020 shares of the semiconductor provider’s stock after buying an additional 2,058 shares during the quarter. K2 Principal Fund L.P.’s holdings in NXP Semiconductors were worth $1,925,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NXPI. CTC Alternative Strategies Ltd. bought a new stake in NXP Semiconductors during the third quarter worth approximately $215,000. Legacy Investment Solutions LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $73,000. Kensington Investment Counsel LLC boosted its stake in shares of NXP Semiconductors by 12.9% during the 3rd quarter. Kensington Investment Counsel LLC now owns 1,048 shares of the semiconductor provider’s stock worth $252,000 after acquiring an additional 120 shares in the last quarter. Dorsey Wright & Associates grew its holdings in shares of NXP Semiconductors by 13.0% in the 3rd quarter. Dorsey Wright & Associates now owns 11,257 shares of the semiconductor provider’s stock worth $2,702,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Dunhill Financial LLC raised its position in shares of NXP Semiconductors by 803.6% during the third quarter. Dunhill Financial LLC now owns 253 shares of the semiconductor provider’s stock worth $61,000 after purchasing an additional 225 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $218.66 on Friday. The stock has a market capitalization of $55.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46. The business has a 50-day moving average of $231.83 and a two-hundred day moving average of $248.63. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $3.31 EPS. On average, equities research analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NXPI shares. Susquehanna decreased 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. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Oppenheimer cut their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

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.