Bailard Inc. lifted its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,294 shares of the semiconductor provider’s stock after acquiring an additional 662 shares during the quarter. Bailard Inc.’s holdings in NXP Semiconductors were worth $709,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Third Point LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $1,174,652,000. Pictet Asset Management Ltd. acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $245,762,000. Canada Pension Plan Investment Board acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $225,934,000. Brown Advisory Inc. lifted its holdings in shares of NXP Semiconductors by 10,111.1% in the 3rd quarter. Brown Advisory Inc. now owns 2,458,011 shares of the semiconductor provider’s stock worth $210,159,000 after acquiring an additional 2,433,939 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of NXP Semiconductors by 1,286.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,948,362 shares of the semiconductor provider’s stock worth $109,338,000 after acquiring an additional 1,807,802 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Several equities analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of NXP Semiconductors in a report on Friday, September 7th. They issued an “outperform” rating and a $125.00 price objective on the stock. Cowen assumed coverage on shares of NXP Semiconductors in a report on Friday, September 7th. They issued an “outperform” rating and a $111.00 price objective on the stock. Bank of America upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $120.00 in a report on Monday, September 17th. Stifel Nicolaus lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Finally, Mizuho restated a “buy” rating and issued a $115.00 price objective on shares of NXP Semiconductors in a report on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. NXP Semiconductors has an average rating of “Hold” and a consensus target price of $101.97.
NXP Semiconductors stock opened at $76.50 on Friday. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. NXP Semiconductors NV has a 52-week low of $69.72 and a 52-week high of $125.93. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.13. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.43 billion. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. Equities analysts expect that NXP Semiconductors NV will post 6.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 11.84%.
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About NXP Semiconductors
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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