Plato Investment Management Ltd Purchases Shares of 3,894 NXP Semiconductors (NASDAQ:NXPI)

Plato Investment Management Ltd acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,894 shares of the semiconductor provider’s stock, valued at approximately $934,000.

A number of other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. lifted its position in NXP Semiconductors by 10.4% during the third quarter. Kovack Advisors Inc. now owns 935 shares of the semiconductor provider’s stock valued at $224,000 after buying an additional 88 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of NXP Semiconductors by 21.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,444 shares of the semiconductor provider’s stock valued at $1,307,000 after acquiring an additional 969 shares in the last quarter. MQS Management LLC boosted its position in NXP Semiconductors by 112.6% during the 3rd quarter. MQS Management LLC now owns 2,687 shares of the semiconductor provider’s stock worth $645,000 after purchasing an additional 1,423 shares during the period. Aptus Capital Advisors LLC increased its holdings in NXP Semiconductors by 6.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,691 shares of the semiconductor provider’s stock valued at $406,000 after purchasing an additional 98 shares in the last quarter. Finally, Aigen Investment Management LP raised its position in NXP Semiconductors by 43.4% in the third quarter. Aigen Investment Management LP now owns 1,473 shares of the semiconductor provider’s stock valued at $354,000 after purchasing an additional 446 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $223.96 on Friday. The company has a market cap of $56.92 billion, a P/E ratio of 21.37, a PEG ratio of 4.48 and a beta of 1.49. The business has a 50 day moving average of $234.59 and a two-hundred day moving average of $253.08. NXP Semiconductors has a 52 week low of $196.43 and a 52 week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 EPS. As a group, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Oppenheimer reduced their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group reduced their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $276.76.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

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.