Hansberger Growth Investors LP raised its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 50.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 92,193 shares of the semiconductor provider’s stock after purchasing an additional 30,959 shares during the quarter. NXP Semiconductors comprises 9.5% of Hansberger Growth Investors LP’s investment portfolio, making the stock its 4th biggest holding. Hansberger Growth Investors LP’s holdings in NXP Semiconductors were worth $7,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Money Management LLC increased its position in NXP Semiconductors by 4.0% during the third quarter. American Money Management LLC now owns 18,985 shares of the semiconductor provider’s stock worth $1,623,000 after purchasing an additional 730 shares during the last quarter. Patten Group Inc. increased its position in NXP Semiconductors by 490.0% during the third quarter. Patten Group Inc. now owns 1,180 shares of the semiconductor provider’s stock worth $101,000 after purchasing an additional 980 shares during the last quarter. Soma Equity Partners LP acquired a new position in NXP Semiconductors during the third quarter worth approximately $51,300,000. Kemnay Advisory Services Inc. increased its position in NXP Semiconductors by 608.8% during the third quarter. Kemnay Advisory Services Inc. now owns 106,051 shares of the semiconductor provider’s stock worth $9,067,000 after purchasing an additional 91,090 shares during the last quarter. Finally, Meru Capital Group LP acquired a new position in NXP Semiconductors during the third quarter worth approximately $4,190,000. 75.58% of the stock is currently owned by institutional investors.
Shares of NXPI opened at $82.05 on Friday. NXP Semiconductors NV has a one year low of $69.72 and a one year high of $125.93. The stock has a market capitalization of $28.12 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.07 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.68 by $0.13. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. As a group, analysts anticipate that NXP Semiconductors NV will post 6.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio is currently 11.84%.
Several equities analysts recently commented on NXPI shares. UBS Group started coverage on shares of NXP Semiconductors in a research report on Thursday. They set a “neutral” rating and a $90.00 price target for the company. SunTrust Banks upped their price target on shares of NXP Semiconductors to $99.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. They noted that the move was a valuation call. Cowen upped their price target on shares of NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, September 13th. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $105.00 to $95.00 in a research report on Tuesday, October 23rd. Finally, Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $120.00 in a research report on Monday, September 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. NXP Semiconductors presently has a consensus rating of “Hold” and an average target price of $102.64.
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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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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