Semper Augustus Investments Group LLC Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Semper Augustus Investments Group LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,688 shares of the semiconductor provider’s stock after selling 188 shares during the quarter. NXP Semiconductors accounts for about 0.5% of Semper Augustus Investments Group LLC’s investment portfolio, making the stock its 20th largest holding. Semper Augustus Investments Group LLC’s holdings in NXP Semiconductors were worth $2,845,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in shares of NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after buying an additional 86,716 shares during the period. Vanguard Group Inc. grew its position in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock valued at $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in NXP Semiconductors by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after purchasing an additional 144,391 shares during the period. Geode Capital Management LLC increased its stake 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 purchasing an additional 269,656 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays decreased their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Susquehanna reduced their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $246.22.

NXP Semiconductors Stock Down 0.3%

Shares of NASDAQ NXPI opened at $210.73 on Friday. The business has a 50-day moving average of $188.44 and a two-hundred day moving average of $209.00. The company has a market capitalization of $53.24 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth 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.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $3.24 EPS. On average, analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. 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%.

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.