NXP Semiconductors (NASDAQ:NXPI) Holdings Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,371 shares of the semiconductor provider's stock after purchasing an additional 2,061 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in NXP Semiconductors were worth $9,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in NXP Semiconductors in the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp raised its stake in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares during the period. Assenagon Asset Management S.A. raised its stake in NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of NXP Semiconductors by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after buying an additional 414,932 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXPI. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Citigroup reduced their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Barclays dropped their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.37.

NXP Semiconductors Trading Up 7.9%

Shares of NXPI stock opened at $207.03 on Tuesday. The firm has a market capitalization of $52.30 billion, a P/E ratio of 21.28, a price-to-earnings-growth 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 firm's fifty day simple moving average is $188.67 and its 200 day simple moving average is $209.23. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm posted $3.24 EPS. The business's revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 44.12%.

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.

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