Jefferies Financial Group Inc. Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Jefferies Financial Group Inc. lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 26,011.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,700 shares of the semiconductor provider’s stock after purchasing an additional 4,682 shares during the period. Jefferies Financial Group Inc.’s holdings in NXP Semiconductors were worth $977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in NXP Semiconductors during the 4th quarter worth about $672,224,000. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock worth $213,154,000 after buying an additional 582,317 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after buying an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in NXP Semiconductors by 36.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock worth $322,764,000 after buying an additional 414,932 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. TD Cowen lifted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.22.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $196.21 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $187.83 and its two-hundred day moving average is $206.78. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The stock has a market capitalization of $49.57 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results 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. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the firm posted $3.24 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s payout ratio is 44.12%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by 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.