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

Bridgewater Associates LP grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 67.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,401 shares of the semiconductor provider’s stock after buying an additional 15,092 shares during the period. Bridgewater Associates LP’s holdings in NXP Semiconductors were worth $8,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NXPI. Drive Wealth Management LLC grew its holdings in NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after purchasing an additional 39 shares during the period. Patten Group Inc. grew its holdings in shares of NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after buying an additional 42 shares during the period. West Paces Advisors Inc. increased its position in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after buying an additional 45 shares in the last quarter. Octavia Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. Finally, Crumly & Associates Inc. lifted its position in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Evercore ISI decreased their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Performance

NXPI opened at $226.53 on Friday. The firm has a market cap of $57.57 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.49. The business’s fifty day moving average is $233.19 and its 200-day moving average is $250.64. NXP Semiconductors has a 52-week low of $198.36 and a 52-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 data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.31 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

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.