NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 48.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,824 shares of the semiconductor provider’s stock after selling 2,655 shares during the period. Aigen Investment Management LP’s holdings in NXP Semiconductors were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. Millington Financial Advisors LLC acquired a new stake in NXP Semiconductors during the third quarter valued at approximately $910,000. MGO One Seven LLC boosted its stake in shares of NXP Semiconductors by 81.1% during the 3rd quarter. MGO One Seven LLC now owns 3,083 shares of the semiconductor provider’s stock worth $616,000 after acquiring an additional 1,381 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of NXP Semiconductors by 27.6% during the 3rd 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 in the last quarter. Signaturefd LLC grew its holdings in shares of NXP Semiconductors by 2.5% in the 3rd quarter. Signaturefd LLC now owns 5,000 shares of the semiconductor provider’s stock worth $1,000,000 after acquiring an additional 121 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 5.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the semiconductor provider’s stock worth $248,000 after purchasing an additional 59 shares during the period. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NXPI shares. Wells Fargo & Company increased their price target on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday. Argus lifted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Susquehanna boosted their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Evercore ISI raised their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $265.40.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $278.49 on Thursday. The firm has a market cap of $71.20 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.57 and a beta of 1.54. The company’s fifty day moving average is $246.98 and its 200-day moving average is $229.60. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12 month low of $163.26 and a 12 month high of $280.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. Equities analysts expect that NXP Semiconductors will post 12.46 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

NXP Semiconductors 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.