Act Two Investors LLC Purchases 5,482 Shares of NXP Semiconductors (NASDAQ:NXPI)

Act Two Investors LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,136 shares of the semiconductor provider’s stock after purchasing an additional 5,482 shares during the quarter. NXP Semiconductors makes up 7.5% of Act Two Investors LLC’s holdings, making the stock its 3rd biggest holding. Act Two Investors LLC’s holdings in NXP Semiconductors were worth $34,713,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NXPI. Millington Financial Advisors LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth approximately $910,000. Corient Private Wealth LLC lifted its stake in shares of NXP Semiconductors by 27.6% in the third quarter. Corient Private Wealth LLC now owns 34,118 shares of the semiconductor provider’s stock worth $6,827,000 after acquiring an additional 7,378 shares during the period. NBC Securities Inc. acquired a new position in shares of NXP Semiconductors in the third quarter worth approximately $121,000. Ieq Capital LLC lifted its stake in shares of NXP Semiconductors by 36.3% in the third quarter. Ieq Capital LLC now owns 4,548 shares of the semiconductor provider’s stock worth $909,000 after acquiring an additional 1,211 shares during the period. Finally, Lincoln National Corp lifted its stake in shares of NXP Semiconductors by 12.6% in the third quarter. Lincoln National Corp now owns 2,427 shares of the semiconductor provider’s stock worth $485,000 after acquiring an additional 271 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on NXPI. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective on the stock. TD Cowen lifted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Morgan Stanley lifted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Needham & Company LLC lifted their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.80.

View Our Latest Research Report on NXPI

NXP Semiconductors Stock Up 1.6 %

Shares of NASDAQ NXPI traded up $4.45 during midday trading on Friday, hitting $277.17. 1,319,923 shares of the stock traded hands, compared to its average volume of 2,079,549. The company has a market cap of $70.87 billion, a PE ratio of 25.59, a P/E/G ratio of 2.59 and a beta of 1.54. NXP Semiconductors has a one year low of $163.26 and a one year high of $280.77. The business has a 50 day moving average price of $248.36 and a two-hundred day moving average price of $230.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. On average, equities analysts predict that NXP Semiconductors will post 12.46 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.46%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

NXP Semiconductors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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