Mackenzie Financial Corp grew its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,989 shares of the semiconductor provider's stock after acquiring an additional 12,845 shares during the quarter. Mackenzie Financial Corp owned 0.06% of NXP Semiconductors worth $34,085,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in NXPI. FMR LLC raised its stake in shares of NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 0.8% in the fourth 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% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after acquiring an additional 144,391 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after buying an additional 269,656 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
Insiders Place Their Bets
In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on NXPI shares. Needham & Company LLC lowered their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Susquehanna decreased their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $246.22.
Get Our Latest Report on NXPI
NXP Semiconductors Stock Down 1.4%
Shares of NASDAQ:NXPI traded down $2.69 on Wednesday, hitting $196.21. 2,237,962 shares of the company's stock were exchanged, compared to its average volume of 2,683,000. The firm's 50-day moving average is $187.92 and its 200 day moving average is $206.85. The company has a market capitalization of $49.57 billion, a PE ratio of 20.17, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. 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 firm earned $3.24 EPS. The business's revenue was down 9.3% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.07%. NXP Semiconductors's payout ratio is 44.12%.
About NXP Semiconductors
(
Free Report)
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.
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