NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,071 shares of the semiconductor provider's stock after purchasing an additional 23,996 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.12% of NXP Semiconductors worth $65,051,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC boosted its position in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $32,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at $32,000. Finally, Brooklyn Investment Group raised its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $6.03 during mid-day trading on Wednesday, reaching $180.69. 1,150,273 shares of the company's stock traded hands, compared to its average volume of 2,570,194. The business's 50-day moving average price is $199.27 and its 200-day moving average price is $213.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $45.83 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 2.24%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Citigroup reduced their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.10.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

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.