Bank of Nova Scotia Acquires 13,725 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bank of Nova Scotia raised its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 40.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,579 shares of the semiconductor provider's stock after acquiring an additional 13,725 shares during the period. Bank of Nova Scotia's holdings in NXP Semiconductors were worth $9,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Central Bank & Trust Co. lifted its holdings in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA grew its position in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after buying an additional 53 shares during the period. J. W. Coons Advisors LLC increased its position in NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after buying an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of NXP Semiconductors by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after buying an additional 61 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXPI. Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $263.50.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $3.37 during trading hours on Wednesday, hitting $168.26. The stock had a trading volume of 802,100 shares, compared to its average volume of 2,557,955. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The stock's fifty day moving average is $203.61 and its two-hundred day moving average is $216.20.

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 paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

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.