Pennsylvania Trust Co increased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 1,977.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,643 shares of the semiconductor provider’s stock after buying an additional 312,823 shares during the quarter. Pennsylvania Trust Co owned 0.10% of NXP Semiconductors worth $10,158,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in NXPI. LPL Financial LLC grew its position in NXP Semiconductors by 69.8% during the third quarter. LPL Financial LLC now owns 22,292 shares of the semiconductor provider’s stock worth $1,906,000 after buying an additional 9,161 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in NXP Semiconductors by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 168,707 shares of the semiconductor provider’s stock worth $14,424,000 after purchasing an additional 4,700 shares during the period. Vident Investment Advisory LLC lifted its stake in NXP Semiconductors by 105.1% during the third quarter. Vident Investment Advisory LLC now owns 16,760 shares of the semiconductor provider’s stock worth $1,433,000 after purchasing an additional 8,589 shares during the period. Point72 Asset Management L.P. bought a new position in NXP Semiconductors during the third quarter worth about $9,781,000. Finally, Advisors Asset Management Inc. lifted its stake in NXP Semiconductors by 774.9% during the third quarter. Advisors Asset Management Inc. now owns 15,504 shares of the semiconductor provider’s stock worth $1,326,000 after purchasing an additional 13,732 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of NXP Semiconductors stock opened at $100.66 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $33.09 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.28 and a beta of 1.09. NXP Semiconductors NV has a fifty-two week low of $67.62 and a fifty-two week high of $122.24.
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, March 15th. NXP Semiconductors’s dividend payout ratio is currently 16.84%.
NXPI has been the subject of a number of research analyst reports. Nomura upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Thursday, January 17th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $78.00 to $73.00 and set a “sell” rating for the company in a research note on Wednesday, January 9th. Piper Jaffray Companies initiated coverage on shares of NXP Semiconductors in a research note on Wednesday, December 26th. They issued an “overweight” rating for the company. Needham & Company LLC lifted their target price on shares of NXP Semiconductors to $105.00 and gave the company a “strong-buy” rating in a research note on Friday, February 8th. Finally, TheStreet upgraded shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors presently has a consensus rating of “Buy” and a consensus price target of $101.02.
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NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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