Entropy Technologies LP Purchases 23,161 Shares of NXP Semiconductors N.V. $NXPI

Entropy Technologies LP increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 622.9% during the first quarter, Holdings Channel reports. The institutional investor owned 26,879 shares of the semiconductor provider’s stock after purchasing an additional 23,161 shares during the period. Entropy Technologies LP’s holdings in NXP Semiconductors were worth $5,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. MGO One Seven LLC grew its position in NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after purchasing an additional 5,359 shares during the period. Teacher Retirement System of Texas increased its stake in NXP Semiconductors by 16.4% during the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares in the last quarter. Deutsche Bank AG raised its holdings in NXP Semiconductors by 5.1% during the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after buying an additional 93,316 shares during the last quarter. Barclays PLC lifted its stake in shares of NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock valued at $495,634,000 after buying an additional 546,790 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its stake in shares of NXP Semiconductors by 43.5% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 26,400 shares of the semiconductor provider’s stock valued at $5,730,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXPI. Susquehanna boosted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Jefferies Financial Group raised their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Bank of America lifted their price target on NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $307.73.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $269.24 on Friday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.12 and a beta of 1.79. The company has a fifty day moving average price of $295.88 and a 200-day moving average price of $252.36.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating 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 company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.46 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.