Industrial Alliance Investment Management Inc. Has $3.54 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Industrial Alliance Investment Management Inc. lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,011 shares of the semiconductor provider’s stock after selling 1,050 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in NXP Semiconductors were worth $3,542,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NXPI. FMR LLC grew its holdings in shares of NXP Semiconductors by 2.1% during the second quarter. FMR LLC now owns 21,809,364 shares of the semiconductor provider’s stock worth $3,228,439,000 after buying an additional 456,733 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NXP Semiconductors by 146.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,353,534 shares of the semiconductor provider’s stock worth $1,680,664,000 after buying an additional 6,744,875 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after buying an additional 210,979 shares in the last quarter. State Street Corp grew its holdings in shares of NXP Semiconductors by 1.2% during the third quarter. State Street Corp now owns 9,891,666 shares of the semiconductor provider’s stock worth $1,467,249,000 after buying an additional 121,988 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,396,378 shares of the semiconductor provider’s stock worth $1,386,060,000 after buying an additional 159,410 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $174.60 on Thursday. The stock has a fifty day simple moving average of $178.94 and a two-hundred day simple moving average of $166.03. NXP Semiconductors has a 1-year low of $132.08 and a 1-year high of $198.28. The firm has a market cap of $45.31 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.74 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 1.58 and a debt-to-equity ratio of 1.44.

NXP Semiconductors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, March 14th. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.85. NXP Semiconductors’s dividend payout ratio (DPR) is 32.01%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NXPI shares. Morgan Stanley raised their price target on NXP Semiconductors from $174.00 to $177.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. Citigroup raised their price target on NXP Semiconductors from $150.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. UBS Group upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the company from $160.00 to $167.00 in a research note on Tuesday, January 10th. Barclays lifted their target price on NXP Semiconductors from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 23rd. Finally, Credit Suisse Group lifted their target price on NXP Semiconductors from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $188.95.

NXP Semiconductors Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.