Northern Trust Corp Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Northern Trust Corp lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,969,607 shares of the semiconductor provider's stock after purchasing an additional 191,212 shares during the quarter. Northern Trust Corp owned about 0.77% of NXP Semiconductors worth $409,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $360,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $46,000. Austin Private Wealth LLC lifted its stake in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after acquiring an additional 1,869 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock valued at $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of NXP Semiconductors by 6.2% in the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock worth $11,454,000 after acquiring an additional 3,216 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded up $6.30 during midday trading on Friday, hitting $188.14. The stock had a trading volume of 3,434,693 shares, compared to its average volume of 2,605,131. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $191.96 and a 200-day simple moving average of $211.43. The company has a market capitalization of $47.72 billion, a PE ratio of 19.34, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

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

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Susquehanna lowered their target price 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. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.37.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company's stock.

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.