Night Squared LP Invests $6.71 Million in NXP Semiconductors N.V. $NXPI

Night Squared LP purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 30,917 shares of the semiconductor provider’s stock, valued at approximately $6,711,000. NXP Semiconductors makes up 1.9% of Night Squared LP’s portfolio, making the stock its 23rd largest position.

Several other institutional investors also recently modified their holdings of the business. MCF Advisors LLC grew its position in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the period. Aptus Capital Advisors LLC grew its position in shares of NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after buying an additional 50 shares during the period. IHT Wealth Management LLC grew its position in shares of NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares during the period. Finally, Washington Capital Management Inc. grew its holdings in NXP Semiconductors by 1.8% during the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $302.89 on Wednesday. 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 twelve month low of $183.00 and a twelve month high of $339.95. The firm’s 50 day moving average price is $275.26 and its two-hundred day moving average price is $240.22. The firm has a market cap of $76.47 billion, a P/E ratio of 28.98, a PEG ratio of 1.14 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s payout ratio is presently 38.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NXPI shares. Evercore boosted their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Mizuho boosted their price objective on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a report on Wednesday, April 29th. Susquehanna boosted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wolfe Research boosted their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.92.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,611 shares of company stock worth $2,866,498. Insiders own 0.05% of the company’s stock.

NXP Semiconductors 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.