Zweig DiMenna Associates LLC Grows Stake in NXP Semiconductors N.V. $NXPI

Zweig DiMenna Associates LLC lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 48.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,500 shares of the semiconductor provider’s stock after buying an additional 20,531 shares during the period. Zweig DiMenna Associates LLC’s holdings in NXP Semiconductors were worth $13,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $26,000. Wexford Capital LP acquired a new stake in shares of NXP Semiconductors during the third quarter worth $31,000. Kelleher Financial Advisors acquired a new stake in shares of NXP Semiconductors during the third quarter worth $31,000. Community Bank N.A. acquired a new stake in shares of NXP Semiconductors during the third quarter worth $37,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of NXP Semiconductors by 1,092.9% during 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 during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were 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 directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% 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. Insiders sold a total of 10,865 shares of company stock valued at $2,508,416 over the last 90 days. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Down 2.7%

Shares of NXP Semiconductors stock opened at $321.35 on Friday. 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 fifty day moving average price of $248.13 and a 200 day moving average price of $230.47. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a market cap of $81.13 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) 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 firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $2.64 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NXPI shares. Raymond James Financial lifted their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Evercore raised their target price on shares of NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, KeyCorp raised their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

About NXP Semiconductors

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.