Triad Investment Management Invests $2.73 Million in NXP Semiconductors N.V. $NXPI

Triad Investment Management purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,586 shares of the semiconductor provider’s stock, valued at approximately $2,732,000. NXP Semiconductors comprises 2.8% of Triad Investment Management’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of the company. Bourgeon Capital Management LLC boosted its stake in NXP Semiconductors by 52.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 8,750 shares of the semiconductor provider’s stock worth $1,899,000 after acquiring an additional 2,999 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in NXP Semiconductors by 42.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,904 shares of the semiconductor provider’s stock worth $847,000 after purchasing an additional 1,170 shares during the period. Nilsine Partners LLC raised its holdings in NXP Semiconductors by 7.5% in the fourth quarter. Nilsine Partners LLC now owns 3,738 shares of the semiconductor provider’s stock worth $811,000 after purchasing an additional 260 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,140 shares of the semiconductor provider’s stock worth $682,000 after purchasing an additional 107 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of NXP Semiconductors by 43.5% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 26,400 shares of the semiconductor provider’s stock worth $5,730,000 after purchasing an additional 8,000 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.7%

NXP Semiconductors stock opened at $195.58 on Thursday. The company has a 50 day moving average of $217.70 and a 200-day moving average of $218.50. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.36. The stock has a market capitalization of $49.42 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, beating the consensus estimate of $3.31 by $0.04. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.18 EPS. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s payout ratio is 51.13%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NXPI shares. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $240.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, February 4th. KeyCorp lifted their target price on NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Finally, Evercore dropped their price target on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.67.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.