The Manufacturers Life Insurance Company increased its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 20.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 184,607 shares of the semiconductor provider’s stock after buying an additional 31,700 shares during the period. The Manufacturers Life Insurance Company’s holdings in NXP Semiconductors were worth $21,599,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Synovus Financial Corp bought a new stake in NXP Semiconductors in the 1st quarter valued at about $101,000. MCF Advisors LLC bought a new stake in NXP Semiconductors in the 1st quarter valued at about $137,000. Valeo Financial Advisors LLC boosted its holdings in NXP Semiconductors by 931.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock valued at $155,000 after purchasing an additional 1,192 shares during the period. ClariVest Asset Management LLC boosted its holdings in NXP Semiconductors by 50.2% in the 1st quarter. ClariVest Asset Management LLC now owns 1,952 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 652 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in NXP Semiconductors in the 4th quarter valued at about $242,000. 80.57% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors opened at $112.84 on Friday, Marketbeat Ratings reports. NXP Semiconductors NV has a 1 year low of $90.83 and a 1 year high of $125.93. The company has a quick ratio of 1.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.38. The company has a market cap of $38.80 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.94 and a beta of 0.81.
NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.55). NXP Semiconductors had a return on equity of 16.51% and a net margin of 10.39%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.35 billion. research analysts expect that NXP Semiconductors NV will post 6 earnings per share for the current fiscal year.
NXPI has been the subject of a number of recent research reports. Robert W. Baird reissued a “hold” rating on shares of NXP Semiconductors in a report on Friday, February 23rd. Jefferies Financial Group reissued a “hold” rating on shares of NXP Semiconductors in a report on Tuesday, February 27th. BidaskClub downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. ValuEngine raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank assumed coverage on shares of NXP Semiconductors in a report on Thursday, March 15th. They set a “hold” rating and a $127.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors has an average rating of “Hold” and a consensus target price of $119.77.
NXP Semiconductors 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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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