NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127 shares of the semiconductor provider’s stock after buying an additional 74 shares during the period. Kraft Davis & Associates LLC’s holdings in NXP Semiconductors were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. Valley National Advisers Inc. raised its holdings in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $28,000. Live Oak Investment Partners purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $26,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $4.23 during trading hours on Friday, hitting $215.12. 2,760,717 shares of the stock were exchanged, compared to its average volume of 1,784,716. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a market cap of $55.09 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.59. NXP Semiconductors has a 12-month low of $155.31 and a 12-month high of $264.26. The stock has a 50-day moving average of $241.39 and a 200 day moving average of $218.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities research analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

Analysts Set New Price Targets

Several brokerages recently commented on NXPI. Evercore ISI initiated coverage on shares of NXP Semiconductors in a research note on Tuesday. They set an “outperform” rating and a $300.00 price target on the stock. Cantor Fitzgerald boosted their target price on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Stifel Nicolaus raised their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.29.

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.