Albert D Mason Inc. Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

Albert D Mason Inc. bought a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,159 shares of the semiconductor provider's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth about $46,000. Asset Management One Co. Ltd. increased its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock valued at $21,068,000 after purchasing an additional 2,609 shares during the period. Aveo Capital Partners LLC boosted its holdings in shares of NXP Semiconductors by 109.4% during the fourth quarter. Aveo Capital Partners LLC now owns 3,233 shares of the semiconductor provider's stock worth $672,000 after purchasing an additional 1,689 shares during the period. Congress Asset Management Co. boosted its holdings in shares of NXP Semiconductors by 0.3% during the fourth quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider's stock worth $108,825,000 after purchasing an additional 1,581 shares during the period. Finally, Van ECK Associates Corp grew its position in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NXPI shares. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. Citigroup cut their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Truist Financial lifted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $6.69 during midday trading on Monday, reaching $217.59. The stock had a trading volume of 1,729,597 shares, compared to its average volume of 2,725,201. 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 firm's fifty day simple moving average is $192.58 and its 200-day simple moving average is $205.03. The stock has a market capitalization of $54.97 billion, a P/E ratio of 22.36, a PEG ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company earned $3.24 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

NXP Semiconductors Company Profile

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.