Bridgewater Associates LP Has $8.98 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Bridgewater Associates LP boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 67.6% in the third quarter, Holdings Channel.com reports. The firm owned 37,401 shares of the semiconductor provider’s stock after purchasing an additional 15,092 shares during the quarter. Bridgewater Associates LP’s holdings in NXP Semiconductors were worth $8,977,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NXPI. Family Firm Inc. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC raised its stake in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares during the period. Fortitude Family Office LLC grew its stake in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in NXP Semiconductors in the second quarter valued at $48,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Down 0.9 %

NXP Semiconductors stock opened at $226.53 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $233.19 and its two-hundred day moving average price is $250.64. The firm has a market capitalization of $57.57 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.49. NXP Semiconductors has a 1-year low of $198.36 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. On average, equities research analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a report on Monday, November 4th. Susquehanna cut their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley decreased their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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.