NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,508 shares of the semiconductor provider’s stock after purchasing an additional 2,600 shares during the quarter. Investment Management Corp of Ontario’s holdings in NXP Semiconductors were worth $8,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NXPI. Family Firm Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $33,000. Finally, Fortitude Family Office LLC increased its stake in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

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 stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents 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 accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $233.61 on Tuesday. The business’s 50-day moving average price is $233.14 and its 200 day moving average price is $250.13. 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 firm has a market cap of $59.37 billion, a P/E ratio of 22.29, a P/E/G ratio of 4.62 and a beta of 1.46. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued 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 1.74%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on NXPI shares. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. UBS Group reduced their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

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.