3,894 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,894 shares of the semiconductor provider's stock, valued at approximately $934,000.

Other hedge funds have also recently bought and sold shares of the company. GDS Wealth Management lifted its holdings in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock valued at $13,378,000 after acquiring an additional 3,985 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after purchasing an additional 349,061 shares in the last quarter. M&G Plc purchased a new stake in shares of NXP Semiconductors in the first quarter worth about $65,830,000. QRG Capital Management Inc. grew its stake in shares of NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock valued at $425,000 after buying an additional 436 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of NXP Semiconductors by 23.3% during 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NXPI shares. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Finally, Barclays dropped their target price on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $276.76.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $6.92 during trading hours on Friday, reaching $217.04. The company's stock had a trading volume of 2,792,762 shares, compared to its average volume of 2,306,468. NXP Semiconductors has a one year low of $198.00 and a one year high of $296.08. The company's 50 day simple moving average is $234.34 and its 200 day simple moving average is $252.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market cap of $55.16 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 4.48 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors's revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.31 earnings per share. As a group, analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. NXP Semiconductors's payout ratio is currently 38.74%.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

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.