NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,497 shares of the semiconductor provider's stock after buying an additional 29,890 shares during the period. Nordea Investment Management AB owned about 0.12% of NXP Semiconductors worth $61,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management boosted its position in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock worth $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at about $13,445,000. Banque Cantonale Vaudoise lifted its holdings in shares of NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock valued at $6,204,000 after purchasing an additional 9,710 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of NXP Semiconductors by 21.1% in the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock valued at $41,519,000 after purchasing an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after purchasing an additional 5,722 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXPI. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. StockNews.com upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $274.14.

NXP Semiconductors Trading Down 1.3 %

NASDAQ NXPI traded down $2.86 during mid-day trading on Wednesday, hitting $209.72. The company's stock had a trading volume of 2,299,826 shares, compared to its average volume of 2,063,438. The firm has a market capitalization of $53.30 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The stock's fifty day simple moving average is $221.47 and its two-hundred day simple moving average is $239.17.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm posted $3.31 EPS. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. Research analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.65%.

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.