67,200 Shares in NXP Semiconductors (NASDAQ:NXPI) Bought by Point72 Europe London LLP

Point72 Europe London LLP acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,200 shares of the semiconductor provider’s stock, valued at approximately $13,968,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its stake in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after acquiring an additional 86,716 shares during the period. Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after buying an additional 144,391 shares during the last quarter. Geode Capital Management LLC boosted its position in NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after purchasing an additional 96,483 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $982,994,000 after acquiring an additional 269,656 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXPI. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Susquehanna cut their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NXPI opened at $211.33 on Thursday. The stock has a market cap of $53.39 billion, a PE ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a 50-day simple moving average of $188.40 and a two-hundred day simple moving average of $209.27.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 EPS. As a group, analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s payout ratio is currently 44.12%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.