Raiffeisen Bank International AG Takes $5.79 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Raiffeisen Bank International AG bought a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,888 shares of the semiconductor provider's stock, valued at approximately $5,786,000.

A number of other large investors have also added to or reduced their stakes in NXPI. SeaCrest Wealth Management LLC raised its holdings in NXP Semiconductors by 24.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,896 shares of the semiconductor provider's stock worth $394,000 after purchasing an additional 375 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in NXP Semiconductors by 32.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,563 shares of the semiconductor provider's stock worth $533,000 after purchasing an additional 631 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in NXP Semiconductors by 19.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,484 shares of the semiconductor provider's stock worth $309,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in NXP Semiconductors by 38.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 628 shares of the semiconductor provider's stock worth $131,000 after purchasing an additional 176 shares in the last quarter. Finally, Outlook Wealth Advisors LLC raised its holdings in NXP Semiconductors by 25.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,852 shares of the semiconductor provider's stock worth $385,000 after purchasing an additional 377 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. UBS Group cut their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $2.20 during mid-day trading on Monday, hitting $210.36. The company had a trading volume of 2,108,791 shares, compared to its average volume of 2,643,844. 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 has a 12-month low of $148.09 and a 12-month high of $296.08. The company's fifty day moving average is $188.58 and its 200-day moving average is $208.27. The company has a market capitalization of $53.14 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $3.24 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.93%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

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.