Fiera Capital Corp Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Fiera Capital Corp grew its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 63.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,001 shares of the semiconductor provider's stock after acquiring an additional 2,332 shares during the period. Fiera Capital Corp's holdings in NXP Semiconductors were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after buying an additional 349,061 shares during the period. M&G Plc acquired a new stake in NXP Semiconductors in the 1st quarter worth about $65,830,000. QRG Capital Management Inc. raised its stake in NXP Semiconductors by 34.1% in the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock worth $425,000 after purchasing an additional 436 shares in the last quarter. Mather Group LLC. raised its stake in NXP Semiconductors by 23.3% in the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock worth $140,000 after purchasing an additional 107 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock valued at $41,519,000 after buying an additional 26,851 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NXPI. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Susquehanna reduced their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup upped their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a "sell" rating in a research note on Monday, July 15th. Finally, TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $275.60.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $2.23 on Friday, reaching $233.89. 2,743,168 shares of the company's stock were exchanged, compared to its average volume of 2,526,578. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.52. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 4.30 and a beta of 1.49. NXP Semiconductors has a 52 week low of $179.64 and a 52 week high of $296.08. The stock has a fifty day simple moving average of $235.72 and a 200-day simple moving average of $253.37.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. As a group, sell-side analysts predict that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm'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 sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company 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.