3,300 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP acquired a new position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,300 shares of the semiconductor provider’s stock, valued at approximately $487,000.

Other large investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. bought a new position in NXP Semiconductors in the third quarter worth approximately $371,000. ARS Investment Partners LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth $30,000. Rosenberg Matthew Hamilton increased its position in shares of NXP Semiconductors by 455.0% during the third quarter. Rosenberg Matthew Hamilton now owns 222 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 182 shares in the last quarter. Old North State Trust LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth $39,000. Finally, CoreCap Advisors LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth $51,000. Institutional investors own 88.70% of the company’s stock.

NXP Semiconductors Trading Up 2.8 %

NXPI stock opened at $179.49 on Friday. The company’s 50-day simple moving average is $179.46 and its 200-day simple moving average is $166.12. The company has a quick ratio of 1.58, a current ratio of 2.12 and a debt-to-equity ratio of 1.44. NXP Semiconductors has a 52-week low of $132.08 and a 52-week high of $198.28. The firm has a market cap of $46.58 billion, a P/E ratio of 17.00, a PEG ratio of 0.74 and a beta of 1.53.

NXP Semiconductors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $1.014 per share. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.85. This represents a $4.06 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, March 14th. NXP Semiconductors’s dividend payout ratio is presently 32.01%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NXPI shares. StockNews.com started coverage on NXP Semiconductors in a research report on Thursday. They set a “buy” rating on the stock. Oppenheimer upped their price target on NXP Semiconductors from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Credit Suisse Group boosted their price objective on shares of NXP Semiconductors from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $200.00 to $235.00 and gave the company a “strong-buy” rating in a report on Wednesday, February 1st. Finally, Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.95.

About NXP Semiconductors

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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.