NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Cannell & Co.

Cannell & Co. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,802 shares of the semiconductor provider’s stock after acquiring an additional 112 shares during the period. Cannell & Co.’s holdings in NXP Semiconductors were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. International Assets Investment Management LLC grew its holdings in NXP Semiconductors by 21,013.6% during the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after acquiring an additional 512,732 shares during the period. Bahl & Gaynor Inc. purchased a new position in NXP Semiconductors during the third quarter worth approximately $59,273,000. Northern Trust Corp boosted its position in NXP Semiconductors by 10.9% during the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after purchasing an additional 211,927 shares in the last quarter. Toronto Dominion Bank purchased a new position in NXP Semiconductors during the third quarter worth approximately $41,270,000. Finally, Van ECK Associates Corp boosted its position in NXP Semiconductors by 15.9% during the fourth 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 owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $249.43 on Thursday. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The company has a market cap of $63.88 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 0.97 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35. The business’s 50 day moving average price is $242.28 and its 200 day moving average price is $220.92.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, research analysts predict that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.63%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. Susquehanna increased their price target on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC increased their price target on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Argus increased their price target on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $257.72.

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.