Aigen Investment Management LP Grows Stake in NXP Semiconductors (NASDAQ:NXPI)

Aigen Investment Management LP increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 43.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,473 shares of the semiconductor provider’s stock after purchasing an additional 446 shares during the quarter. Aigen Investment Management LP’s holdings in NXP Semiconductors were worth $354,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC lifted its position in shares of NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after acquiring an additional 39 shares in the last quarter. Beacon Capital Management LLC boosted its stake in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the period. Patten Group Inc. grew its holdings in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after buying an additional 42 shares in the last quarter. West Paces Advisors Inc. grew its holdings in NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after buying an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.1 %

NXP Semiconductors stock opened at $217.04 on Friday. The stock has a 50-day moving average of $234.34 and a two-hundred day moving average of $252.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $198.00 and a one year high of $296.08. The stock has a market cap of $55.16 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 4.48 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $276.76.

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.