NXP Semiconductors N.V. $NXPI Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC cut its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 35.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 40,412 shares of the semiconductor provider’s stock after selling 22,088 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in NXP Semiconductors were worth $7,956,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $27,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $28,000. Jessup Wealth Management Inc acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $29,000. Finally, Quattro Advisors LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $30,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NXPI shares. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Needham & Company LLC increased their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays lifted their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Stifel Nicolaus boosted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Jefferies Financial Group upped their price target on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $307.27.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $283.87 on Wednesday. The stock’s 50 day moving average price is $299.70 and its 200 day moving average price is $249.65. The firm has a market capitalization of $71.67 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.00 and a beta of 1.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $2.64 earnings per share. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.85%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.