NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Bremer Bank National Association

Bremer Bank National Association grew its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,638 shares of the semiconductor provider's stock after purchasing an additional 1,661 shares during the period. Bremer Bank National Association's holdings in NXP Semiconductors were worth $3,922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after buying an additional 86,716 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after acquiring an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after purchasing an additional 144,391 shares during the period. Geode Capital Management LLC grew its holdings in NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays dropped their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. UBS Group decreased their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Up 5.6%

Shares of NASDAQ:NXPI traded up $11.06 during trading hours on Wednesday, hitting $210.02. The company's stock had a trading volume of 3,856,616 shares, compared to its average volume of 2,699,332. The firm's fifty day moving average price is $186.80 and its 200 day moving average price is $205.86. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a market capitalization of $53.06 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.24 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

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.