Vinva Investment Management Ltd Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Vinva Investment Management Ltd grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,922 shares of the semiconductor provider’s stock after purchasing an additional 688 shares during the quarter. Vinva Investment Management Ltd’s holdings in NXP Semiconductors were worth $2,266,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NXPI. Empowered Funds LLC grew its holdings in shares of NXP Semiconductors by 35.5% during the third quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider’s stock worth $2,951,000 after purchasing an additional 3,222 shares during the last quarter. LMR Partners LLP purchased a new position in shares of NXP Semiconductors during the third quarter worth about $240,000. SouthState Corp grew its holdings in shares of NXP Semiconductors by 28.5% during the third quarter. SouthState Corp now owns 3,368 shares of the semiconductor provider’s stock worth $808,000 after purchasing an additional 746 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the last quarter. Finally, Kraft Davis & Associates LLC grew its holdings in shares of NXP Semiconductors by 7.1% during the third quarter. Kraft Davis & Associates LLC now owns 1,148 shares of the semiconductor provider’s stock worth $269,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $207.38 on Thursday. The firm has a 50 day moving average of $215.72 and a 200-day moving average of $223.59. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market cap of $52.60 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. NXP Semiconductors’s payout ratio is 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $267.00.

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.