National Bank of Canada FI Purchases 40,982 Shares of NXP Semiconductors (NASDAQ:NXPI)

National Bank of Canada FI raised its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 23.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,917 shares of the semiconductor provider’s stock after purchasing an additional 40,982 shares during the period. National Bank of Canada FI owned about 0.09% of NXP Semiconductors worth $58,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Aveo Capital Partners LLC lifted its stake in NXP Semiconductors by 43.7% in the fourth quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock worth $345,000 after acquiring an additional 456 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of NXP Semiconductors by 35.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 671 shares of the semiconductor provider’s stock valued at $154,000 after purchasing an additional 176 shares in the last quarter. 9258 Wealth Management LLC lifted its position in shares of NXP Semiconductors by 21.2% in the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock worth $1,158,000 after purchasing an additional 881 shares during the period. Private Advisor Group LLC boosted its stake in shares of NXP Semiconductors by 668.3% during the fourth quarter. Private Advisor Group LLC now owns 13,637 shares of the semiconductor provider’s stock valued at $3,132,000 after purchasing an additional 11,862 shares in the last quarter. Finally, Lincoln National Corp increased its holdings in NXP Semiconductors by 1.9% during the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after buying an additional 46 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 23rd. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 target price for the company. Finally, Truist Financial lowered their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Trading Down 0.9 %

Shares of NASDAQ:NXPI opened at $236.70 on Friday. The business has a 50-day moving average price of $257.63 and a 200-day moving average price of $255.26. The stock has a market cap of $60.52 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.77 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $3.04 EPS. Equities analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

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.