Handelsbanken Fonder AB Grows Holdings in NXP Semiconductors (NASDAQ:NXPI)

Handelsbanken Fonder AB increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,065 shares of the semiconductor provider's stock after purchasing an additional 13,962 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of NXP Semiconductors worth $26,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in shares of NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA grew its stake in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares in the last quarter. J. W. Coons Advisors LLC increased its holdings in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after acquiring an additional 60 shares during the last quarter. Kestra Investment Management LLC lifted its stake in NXP Semiconductors by 7.2% in the 4th quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock worth $188,000 after purchasing an additional 61 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in shares of NXP Semiconductors by 4.7% during the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NXPI. Citigroup decreased their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC decreased their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.78.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.

NXP Semiconductors Stock Up 0.4%

Shares of NASDAQ NXPI traded up $0.95 during trading hours on Thursday, hitting $218.36. 889,836 shares of the stock were exchanged, compared to its average volume of 2,715,728. The firm has a fifty day moving average price of $190.35 and a 200-day moving average price of $205.56. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a market cap of $55.16 billion, a PE ratio of 22.44, a PEG ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping 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 quarter last year, the firm earned $3.24 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.86%. NXP Semiconductors's dividend payout ratio (DPR) is 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.