National Bank of Canada FI Purchases 43,782 Shares of NXP Semiconductors (NASDAQ:NXPI)

National Bank of Canada FI lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 21.8% during the 4th quarter, HoldingsChannel reports. 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’s holdings in NXP Semiconductors were worth $53,822,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of NXP Semiconductors by 21,013.6% during the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after purchasing an additional 512,732 shares in the last quarter. Bahl & Gaynor Inc. acquired a new stake in NXP Semiconductors during the third quarter worth approximately $59,273,000. Northern Trust Corp increased its stake in NXP Semiconductors by 10.9% during the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after acquiring an additional 211,927 shares during the period. Toronto Dominion Bank bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $41,270,000. Finally, Van ECK Associates Corp grew its holdings in shares of NXP Semiconductors by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider’s stock worth $303,065,000 after purchasing an additional 180,999 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $0.10 on Monday, reaching $257.75. 487,477 shares of the company’s stock traded hands, compared to its average volume of 2,378,715. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. 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 stock has a 50-day simple moving average of $242.96 and a 200 day simple moving average of $221.92. The stock has a market cap of $65.90 billion, a PE ratio of 24.15, a P/E/G ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, research analysts predict that NXP Semiconductors will post 12.41 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is 37.49%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. Oppenheimer upped their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Morgan Stanley raised their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Argus boosted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.72.

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.