Delta Global Management LP Makes New Investment in NXP Semiconductors N.V. $NXPI

Delta Global Management LP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,244 shares of the semiconductor provider’s stock, valued at approximately $1,355,000.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after buying an additional 2,672,697 shares in the last quarter. Wellington Management Group LLP lifted its holdings in NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of NXP Semiconductors by 56.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after purchasing an additional 690,277 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in shares of NXP Semiconductors by 6,342.2% in the 3rd quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock valued at $153,354,000 after purchasing an additional 662,950 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This trade represents a 45.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,611 shares of company stock worth $2,866,498 over the last ninety days. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 4.1%

NASDAQ NXPI opened at $302.89 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm’s fifty day moving average price is $275.26 and its 200 day moving average price is $240.22. The company has a market capitalization of $76.47 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.77. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $2.64 EPS. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. BNP Paribas Exane raised their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group raised their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.92.

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.