ARGA Investment Management LP Trims Stake in NXP Semiconductors N.V. $NXPI

ARGA Investment Management LP lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 30.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,620 shares of the semiconductor provider’s stock after selling 87,057 shares during the quarter. NXP Semiconductors accounts for 1.2% of ARGA Investment Management LP’s portfolio, making the stock its 20th largest position. ARGA Investment Management LP owned about 0.08% of NXP Semiconductors worth $44,776,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC lifted its stake in NXP Semiconductors by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock worth $399,000 after purchasing an additional 50 shares during the last quarter. Rovin Capital UT ADV grew its stake in shares of NXP Semiconductors by 1.5% during the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after buying an additional 52 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares during the period. Invera Wealth Advisors LLC lifted its stake in shares of NXP Semiconductors by 0.9% during the 3rd quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock worth $1,390,000 after acquiring an additional 56 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock worth $685,000 after acquiring an additional 56 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXPI. Cantor Fitzgerald restated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Barclays reiterated an “overweight” rating and set a $255.00 target price on shares of NXP Semiconductors in a research report on Thursday, January 15th. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Mizuho upped their price target on shares of NXP Semiconductors from $265.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, Evercore ISI lifted their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $259.29.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the sale, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the transaction, the executive vice president owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,097 shares of company stock worth $5,003,058 in the last three months. 0.12% of the stock is owned by insiders.

NXP Semiconductors Price Performance

Shares of NXPI opened at $232.48 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The company has a 50 day moving average price of $221.27 and a 200-day moving average price of $221.17. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The stock has a market capitalization of $58.51 billion, a PE ratio of 28.77, a PEG ratio of 2.96 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.45 earnings per share. Equities analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, December 10th. NXP Semiconductors’s payout ratio is presently 50.25%.

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.