Fiera Capital Corp Buys 6,087 Shares of NXP Semiconductors N.V. $NXPI

Fiera Capital Corp grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 26.1% in the fourth quarter, HoldingsChannel reports. The fund owned 29,430 shares of the semiconductor provider’s stock after acquiring an additional 6,087 shares during the period. Fiera Capital Corp’s holdings in NXP Semiconductors were worth $6,388,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Krane Funds Advisors LLC increased its holdings in NXP Semiconductors by 29.7% in the fourth quarter. Krane Funds Advisors LLC now owns 9,104 shares of the semiconductor provider’s stock valued at $1,976,000 after purchasing an additional 2,086 shares during the last quarter. Lyrical Asset Management LP raised its holdings in NXP Semiconductors by 5.8% during the 4th quarter. Lyrical Asset Management LP now owns 28,950 shares of the semiconductor provider’s stock worth $6,284,000 after buying an additional 1,587 shares during the period. CNB Bank lifted its stake in NXP Semiconductors by 48.8% in the fourth quarter. CNB Bank now owns 180 shares of the semiconductor provider’s stock valued at $39,000 after buying an additional 59 shares in the last quarter. ING Groep NV increased its holdings in NXP Semiconductors by 49.0% during the 4th quarter. ING Groep NV now owns 156,231 shares of the semiconductor provider’s stock worth $33,912,000 after purchasing an additional 51,381 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of NXP Semiconductors by 49.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 3,444 shares of the semiconductor provider’s stock worth $711,000 after buying an additional 1,144 shares during the period. 90.54% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,611 shares of company stock worth $3,061,078. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.2%

NXPI opened at $297.41 on Wednesday. The stock has a market capitalization of $75.09 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.09 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a 50-day simple moving average of $264.41 and a 200 day simple moving average of $236.27.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.64 EPS. Analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wolfe Research lifted their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, TD Cowen increased their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.92.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.