OLD National Bancorp IN purchased a new stake in NXP Semiconductors NV (NASDAQ:NXPI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,936 shares of the semiconductor provider’s stock, valued at approximately $1,020,000.
A number of other institutional investors also recently added to or reduced their stakes in NXPI. Signaturefd LLC boosted its stake in NXP Semiconductors by 299.2% during the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after purchasing an additional 796 shares during the last quarter. Princeton Capital Management LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $127,000. First Quadrant L P CA acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $108,000. Quantitative Systematic Strategies LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $207,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $208,000. 83.37% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of NXP Semiconductors to $100.00 and set a “buy” rating on the stock in a research report on Friday. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $105.00 to $95.00 in a research report on Tuesday, October 23rd. Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. They noted that the move was a valuation call. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 3rd. Finally, Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company 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, six have given a hold rating and twelve have given a buy rating to the company. NXP Semiconductors currently has an average rating of “Hold” and an average target price of $108.59.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, September 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 24th. This represents a $1.00 annualized dividend and a yield of 1.41%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 11.84%.
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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