National Bank of Canada FI Purchases 11,915 Shares of NXP Semiconductors (NASDAQ:NXPI)

National Bank of Canada FI lifted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 5.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,832 shares of the semiconductor provider's stock after buying an additional 11,915 shares during the quarter. National Bank of Canada FI owned about 0.09% of NXP Semiconductors worth $55,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its position in NXP Semiconductors by 6.1% in the 2nd quarter. CWM LLC now owns 4,395 shares of the semiconductor provider's stock valued at $1,183,000 after buying an additional 252 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in NXP Semiconductors by 40.7% in the second quarter. QRG Capital Management Inc. now owns 2,415 shares of the semiconductor provider's stock valued at $650,000 after acquiring an additional 699 shares during the last quarter. MJP Associates Inc. ADV acquired a new stake in NXP Semiconductors in the second quarter worth about $215,000. Czech National Bank raised its holdings in NXP Semiconductors by 7.3% during the 2nd quarter. Czech National Bank now owns 48,693 shares of the semiconductor provider's stock worth $13,103,000 after purchasing an additional 3,314 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its position in NXP Semiconductors by 4.9% during the 2nd quarter. Artemis Investment Management LLP now owns 21,303 shares of the semiconductor provider's stock valued at $5,732,000 after purchasing an additional 989 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective on the stock. Susquehanna dropped their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. TD Cowen reduced their price target on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $274.14.

NXP Semiconductors Stock Up 0.8 %

Shares of NASDAQ:NXPI traded up $1.67 during midday trading on Friday, reaching $218.66. The company had a trading volume of 2,302,284 shares, compared to its average volume of 2,244,484. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The stock has a market cap of $55.57 billion, a PE ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business's 50 day moving average price is $231.83 and its 200 day moving average price is $248.42.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. The business's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 EPS. Research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.85%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.65%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.