Geode Capital Management LLC Purchases 30,804 Shares of NXP Semiconductors N.V. $NXPI

Geode Capital Management LLC lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,463,756 shares of the semiconductor provider’s stock after acquiring an additional 30,804 shares during the period. Geode Capital Management LLC’s holdings in NXP Semiconductors were worth $1,180,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $26,000. Wexford Capital LP bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $31,000. Kelleher Financial Advisors bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $31,000. Community Bank N.A. bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI opened at $321.35 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market cap of $81.13 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.19 and a beta of 1.77. The company’s 50 day moving average is $248.13 and its 200 day moving average is $230.47. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NXPI shares. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $235.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Barclays boosted their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Mizuho lifted their target price on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 29th. Jefferies Financial Group lifted their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,865 shares of company stock worth $2,508,416. Company insiders own 0.12% 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.