NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Bought by Fiera Capital Corp

Key Points

• Fiera Capital Corp has increased its stake in NXP Semiconductors by 37.2%, now owning a total of 11,539 shares valued at approximately $2.19 million.
• The recent quarterly earnings report indicated that NXP Semiconductors exceeded earnings expectations with an EPS of $2.72, though revenue fell by 6.4% year over year.
• NXP Semiconductors has a market capitalization of $55.70 billion and analysts maintain a generally positive outlook, with various price targets ranging from $250.00 to $289.00.

Fiera Capital Corp increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 37.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,539 shares of the semiconductor provider's stock after buying an additional 3,126 shares during the quarter. Fiera Capital Corp's holdings in NXP Semiconductors were worth $2,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares during the period. Massachusetts Financial Services Co. MA raised its position in NXP Semiconductors by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after purchasing an additional 87,820 shares during the period. Geode Capital Management LLC raised its position in 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 valued at $1,088,094,000 after purchasing an additional 96,483 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of NXP Semiconductors by 10.6% in the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after acquiring an additional 432,838 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of NXP Semiconductors by 10.2% in the fourth quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock worth $901,933,000 after acquiring an additional 402,672 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NXPI. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Evercore ISI restated an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Truist Financial boosted their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $3.85 during trading hours on Friday, hitting $209.92. The company had a trading volume of 2,554,398 shares, compared to its average volume of 2,588,644. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The company has a market cap of $52.93 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The business has a 50 day moving average of $216.84 and a 200-day moving average of $206.91. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $3.20 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.39%.

NXP Semiconductors 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.