Metis Global Partners LLC Buys 933 Shares of NXP Semiconductors (NASDAQ:NXPI)

Metis Global Partners LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 8.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,206 shares of the semiconductor provider’s stock after purchasing an additional 933 shares during the quarter. Metis Global Partners LLC’s holdings in NXP Semiconductors were worth $2,930,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GDS Wealth Management lifted its position in 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 acquiring an additional 3,985 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the last quarter. M&G Plc acquired a new stake in shares of NXP Semiconductors in 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 worth $425,000 after buying an additional 436 shares during the last quarter. Finally, Mather Group LLC. increased its position in 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 in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NXPI shares. Oppenheimer lowered their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. Loop Capital started coverage on shares of NXP Semiconductors in a research note on Monday. They set a “buy” rating and a $300.00 price target on the stock. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays cut 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $276.76.

NXP Semiconductors Stock Up 0.4 %

NXPI opened at $223.96 on Friday. The company has a fifty day moving average of $234.59 and a two-hundred day moving average of $253.08. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.48 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $196.43 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. On average, research analysts expect that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.