Mackenzie Financial Corp Grows Holdings in NXP Semiconductors (NASDAQ:NXPI)

Mackenzie Financial Corp grew its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 21.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,293 shares of the semiconductor provider's stock after acquiring an additional 26,851 shares during the period. Mackenzie Financial Corp owned about 0.06% of NXP Semiconductors worth $41,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock valued at $535,747,000 after purchasing an additional 2,097,727 shares in the last quarter. Norden Group LLC acquired a new position in NXP Semiconductors during the first quarter worth $1,775,000. Congress Asset Management Co. MA grew its holdings in NXP Semiconductors by 0.8% during the fourth quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider's stock worth $117,004,000 after acquiring an additional 4,074 shares during the period. Bessemer Group Inc. raised its position in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Finally, M&G Plc acquired a new stake in NXP Semiconductors in the first quarter valued at $65,830,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a "hold" rating in a report on Thursday, July 18th. TD Cowen reduced their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC upped their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Barclays raised their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, July 18th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $350.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $294.89.

NXP Semiconductors Trading Up 1.1 %

Shares of NXPI traded up $2.69 on Friday, hitting $244.93. 2,444,061 shares of the stock traded hands, compared to its average volume of 2,296,023. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The stock's 50 day moving average is $243.78 and its two-hundred day moving average is $253.73. The firm has a market capitalization of $62.62 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.51 and a beta of 1.49. 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 - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business's revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. As a group, sell-side analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors's dividend payout ratio is currently 37.40%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Julie Southern purchased 146 shares of the company's stock in a transaction on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company's stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company's stock.

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.