Northwestern Mutual Wealth Management Co. raised its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 18.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,786 shares of the semiconductor provider’s stock after buying an additional 279 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in NXP Semiconductors were worth $158,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Barings LLC increased its stake in NXP Semiconductors by 1.3% in the first quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock valued at $695,000 after purchasing an additional 103 shares during the period. Citizens Financial Group Inc RI boosted its holdings in NXP Semiconductors by 56.3% during the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after buying an additional 129 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of NXP Semiconductors by 2.8% in the fourth quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after purchasing an additional 133 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of NXP Semiconductors by 2.0% in the first quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 146 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of NXP Semiconductors by 50.0% in the first quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock valued at $49,000 after buying an additional 186 shares during the last quarter. 76.51% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $99.00 to $114.00 in a research note on Wednesday. Piper Jaffray Companies increased their price objective on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating and increased their target price for the stock from $85.00 to $95.00 in a report on Wednesday, June 5th. Finally, ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $101.32.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. As a group, analysts anticipate that NXP Semiconductors NV will post 6.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s payout ratio is 16.84%.
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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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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