Rovin Capital UT ADV Acquires 1,115 Shares of NXP Semiconductors (NASDAQ:NXPI)

Rovin Capital UT ADV raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 55.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,143 shares of the semiconductor provider’s stock after buying an additional 1,115 shares during the quarter. Rovin Capital UT ADV’s holdings in NXP Semiconductors were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its position in NXP Semiconductors by 33.5% during the second quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after buying an additional 406 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in NXP Semiconductors by 3,072.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider’s stock worth $1,024,000 after buying an additional 3,687 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NXP Semiconductors by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock worth $292,246,000 after buying an additional 127,607 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth $258,000. Finally, Virtu Financial LLC purchased a new position in NXP Semiconductors in the second quarter worth $1,858,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the topic of several recent research reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective for the company. UBS Group lowered their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Susquehanna dropped their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Price Performance

NXPI opened at $213.56 on Thursday. The firm has a market cap of $54.28 billion, a PE ratio of 20.38, a P/E/G ratio of 3.11 and a beta of 1.47. The stock has a 50-day moving average price of $218.74 and a 200-day moving average price of $237.09. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

NXP Semiconductors Company 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.