Polymer Capital Management US LLC Takes $393,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Polymer Capital Management US LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,890 shares of the semiconductor provider's stock, valued at approximately $393,000.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NXPI has been the subject of a number of research analyst reports. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho upped their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $263.50.

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NXP Semiconductors Price Performance

NASDAQ NXPI traded up $3.20 on Friday, hitting $168.79. 5,169,391 shares of the company's stock were exchanged, compared to its average volume of 2,567,082. The stock has a 50-day moving average of $205.37 and a 200-day moving average of $217.03. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 52 week low of $148.09 and a 52 week 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.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were 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. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

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.