Bank of Montreal Can Acquires 206,521 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bank of Montreal Can increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 55.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,146 shares of the semiconductor provider’s stock after buying an additional 206,521 shares during the period. Bank of Montreal Can owned about 0.23% of NXP Semiconductors worth $156,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Aveo Capital Partners LLC boosted its holdings in shares of NXP Semiconductors by 43.7% in the 4th quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock valued at $345,000 after buying an additional 456 shares in the last quarter. 9258 Wealth Management LLC grew its stake in NXP Semiconductors by 21.2% during the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock worth $1,158,000 after buying an additional 881 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in NXP Semiconductors by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 80,038 shares of the semiconductor provider’s stock valued at $18,383,000 after buying an additional 3,529 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in NXP Semiconductors by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 292,632 shares of the semiconductor provider’s stock valued at $67,212,000 after buying an additional 6,641 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in NXP Semiconductors in the fourth quarter worth about $4,629,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $231.86 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The stock has a market capitalization of $59.28 billion, a PE ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The company has a fifty day moving average of $246.99 and a two-hundred day moving average of $254.17.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.04 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NXP Semiconductors 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

NXPI has been the topic of several research reports. Truist Financial cut their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley dropped their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Company 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.