Entropy Technologies LP Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Entropy Technologies LP acquired a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,400 shares of the semiconductor provider's stock, valued at approximately $4,416,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GDS Wealth Management lifted its holdings in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock valued at $13,378,000 after purchasing an additional 3,985 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. M&G Plc purchased a new position in NXP Semiconductors during the 1st quarter worth $65,830,000. QRG Capital Management Inc. grew its stake in NXP Semiconductors by 34.1% during the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock valued at $425,000 after purchasing an additional 436 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of NXP Semiconductors by 23.3% in the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock valued at $140,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Stock Down 1.0 %

NXP Semiconductors stock traded down $2.25 during midday trading on Tuesday, hitting $224.79. The stock had a trading volume of 2,528,787 shares, compared to its average volume of 2,300,709. The stock has a market cap of $57.13 billion, a P/E ratio of 21.45, a P/E/G ratio of 4.30 and a beta of 1.49. The business has a fifty day moving average price of $235.14 and a 200 day moving average price of $253.42. NXP Semiconductors has a 12 month low of $181.96 and a 12 month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) 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. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 earnings per share. Research analysts predict that NXP Semiconductors will post 11.43 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.65%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NXPI. Barclays reduced their price objective on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Truist Financial reduced their price target on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Finally, TD Cowen decreased their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $276.76.

About NXP Semiconductors

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.