TD Waterhouse Canada Inc. Has $1.54 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

TD Waterhouse Canada Inc. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,427 shares of the semiconductor provider's stock after selling 2,743 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in NXP Semiconductors were worth $1,544,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NXPI. Norges Bank acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $672,224,000. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after buying an additional 414,932 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NXPI. Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Mizuho increased their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.10.

Insiders Place Their Bets

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

NXP Semiconductors Stock Performance

NXPI opened at $193.57 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a fifty day simple moving average of $197.79 and a 200 day simple moving average of $213.48. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a market capitalization of $49.09 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is 41.62%.

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.

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