ARGA Investment Management LP Sells 76,003 Shares of NXP Semiconductors (NASDAQ:NXPI)

ARGA Investment Management LP decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 93.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,695 shares of the semiconductor provider’s stock after selling 76,003 shares during the period. ARGA Investment Management LP’s holdings in NXP Semiconductors were worth $1,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. RBA Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% in the 4th quarter. RBA Wealth Management LLC now owns 13,484 shares of the semiconductor provider’s stock valued at $2,803,000 after acquiring an additional 588 shares in the last quarter. Calamos Wealth Management LLC increased its position in shares of NXP Semiconductors by 12.9% in the fourth quarter. Calamos Wealth Management LLC now owns 48,651 shares of the semiconductor provider’s stock worth $10,112,000 after purchasing an additional 5,553 shares during the last quarter. abrdn plc increased its position in shares of NXP Semiconductors by 3.7% in the fourth quarter. abrdn plc now owns 558,482 shares of the semiconductor provider’s stock worth $116,122,000 after purchasing an additional 20,031 shares during the last quarter. GDS Wealth Management raised its stake in NXP Semiconductors by 6.4% in the fourth quarter. GDS Wealth Management now owns 59,308 shares of the semiconductor provider’s stock valued at $12,327,000 after purchasing an additional 3,568 shares in the last quarter. Finally, JB Capital LLC lifted its position in NXP Semiconductors by 6.2% during the fourth quarter. JB Capital LLC now owns 58,393 shares of the semiconductor provider’s stock valued at $12,137,000 after purchasing an additional 3,419 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company started coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. Susquehanna cut their price objective on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given 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 $269.85.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $202.40 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $215.21 and a 200-day moving average price of $230.83. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 2.00%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.