Bank of Montreal Can raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 24.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 315,552 shares of the semiconductor provider’s stock after purchasing an additional 61,963 shares during the quarter. Bank of Montreal Can owned 0.13% of NXP Semiconductors worth $71,861,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after acquiring an additional 218 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after purchasing an additional 234 shares in the last quarter. Savant Capital LLC increased its position in shares of NXP Semiconductors by 147.2% during the second quarter. Savant Capital LLC now owns 5,921 shares of the semiconductor provider’s stock valued at $1,294,000 after purchasing an additional 3,526 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $503,000. Finally, Midwest Trust Co acquired a new position in shares of NXP Semiconductors in the second quarter valued at $270,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 4.3%
NXPI opened at $191.22 on Friday. The firm has a market cap of $48.32 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The firm’s 50-day simple moving average is $229.62 and its 200-day simple moving average is $222.09. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.36.
NXP Semiconductors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.1%. NXP Semiconductors’s payout ratio is presently 51.13%.
Insider Activity
In related news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the transaction, the executive vice president owned 11,811 shares in the company, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $240.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, February 4th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Mizuho decreased their price objective on NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Evercore lowered their price objective on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $253.67.
View Our Latest Analysis on NXPI
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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