NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in NXP Semiconductors (NASDAQ:NXPI) by 15.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,992 shares of the semiconductor provider’s stock after acquiring an additional 15,283 shares during the period. Mackenzie Financial Corp’s holdings in NXP Semiconductors were worth $26,641,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Operose Advisors LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $26,000. Live Oak Investment Partners acquired a new position in NXP Semiconductors during the 4th quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $27,000. BluePath Capital Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $28,000. Finally, Valley National Advisers Inc. grew its stake in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.6 %

NXPI opened at $226.92 on Thursday. The business has a 50 day moving average price of $241.93 and a two-hundred day moving average price of $218.41. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a market cap of $58.11 billion, a PE ratio of 21.19, a P/E/G ratio of 0.87 and a beta of 1.59. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, research analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Wolfe Research raised NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target for the company in a report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.