Parametrica Management Ltd Purchases New Shares in NXP Semiconductors (NASDAQ:NXPI)

Parametrica Management Ltd acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,170 shares of the semiconductor provider’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC boosted its holdings in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $211.33 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The company’s fifty day moving average is $215.56 and its 200 day moving average is $222.57. The stock has a market cap of $53.60 billion, a PE ratio of 21.72, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Susquehanna decreased their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC cut their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Company 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.