Arosa Capital Management LP Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Arosa Capital Management LP lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 38.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the semiconductor provider’s stock after buying an additional 2,800 shares during the period. NXP Semiconductors makes up 0.9% of Arosa Capital Management LP’s holdings, making the stock its 21st biggest position. Arosa Capital Management LP’s holdings in NXP Semiconductors were worth $2,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $27,000. Addison Advisors LLC lifted its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. boosted its stake in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $33,000. Finally, Fortitude Family Office LLC increased its stake in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.3 %

NXPI opened at $229.37 on Monday. The business has a fifty day moving average price of $233.14 and a 200 day moving average price of $250.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The stock has a market capitalization of $58.30 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 4.62 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share 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. Stockholders of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXPI. Susquehanna dropped their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, November 4th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. The Goldman Sachs Group decreased their price objective on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Wells Fargo & Company started coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred 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 owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.