Oarsman Capital Inc. Acquires 123 Shares of NXP Semiconductors (NASDAQ:NXPI)

Oarsman Capital Inc. lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 988 shares of the semiconductor provider’s stock after buying an additional 123 shares during the quarter. Oarsman Capital Inc.’s holdings in NXP Semiconductors were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NXPI. Prudential PLC grew its position in shares of NXP Semiconductors by 11.5% in the fourth quarter. Prudential PLC now owns 93,134 shares of the semiconductor provider’s stock valued at $19,358,000 after purchasing an additional 9,601 shares in the last quarter. Pitcairn Co. boosted its stake in NXP Semiconductors by 3.9% in the 4th quarter. Pitcairn Co. now owns 11,505 shares of the semiconductor provider’s stock worth $2,391,000 after purchasing an additional 433 shares during the period. DF Dent & Co. Inc. grew its holdings in NXP Semiconductors by 1.9% during the 4th quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider’s stock valued at $799,000 after buying an additional 72 shares in the last quarter. World Investment Advisors increased its position in shares of NXP Semiconductors by 10.0% during the fourth quarter. World Investment Advisors now owns 31,795 shares of the semiconductor provider’s stock valued at $6,609,000 after buying an additional 2,886 shares during the period. Finally, Nicolet Advisory Services LLC lifted its holdings in shares of NXP Semiconductors by 8.7% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,602 shares of the semiconductor provider’s stock worth $331,000 after buying an additional 128 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NXPI shares. Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Finally, Susquehanna cut their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Down 6.4 %

Shares of NXPI stock opened at $160.81 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a 50-day moving average of $211.21 and a 200 day moving average of $220.30. The stock has a market capitalization of $40.78 billion, a PE ratio of 16.53, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1-year low of $155.87 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 41.62%.

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.