NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,903 shares of the semiconductor provider's stock after acquiring an additional 43,782 shares during the quarter. National Bank of Canada FI owned 0.10% of NXP Semiconductors worth $53,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in NXP Semiconductors in the third quarter worth $26,000. Valley National Advisers Inc. grew its position in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock worth $31,000 after acquiring an additional 68 shares during the last quarter. BluePath Capital Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth approximately $28,000. Paradigm Asset Management Co. LLC raised its holdings in NXP Semiconductors by 100.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider's stock valued at $40,000 after buying an additional 100 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its stake in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider's stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent analyst reports. Wolfe Research raised NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 price target for the company in a research report on Thursday, January 18th. Evercore ISI raised their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 12th. Mizuho lifted their target price on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Finally, Oppenheimer increased their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $257.72.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded up $1.78 during trading on Monday, hitting $259.63. 2,213,598 shares of the company's stock were exchanged, compared to its average volume of 2,398,875. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The company has a market cap of $66.38 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.94 and a beta of 1.54. The business's 50-day simple moving average is $243.28 and its 200 day simple moving average is $222.43. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. As a group, equities analysts predict that NXP Semiconductors will post 12.41 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.49%.

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.