1,600 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by Continental Investors Services Inc.

Posted by Defense World Staff on Mar 19th, 2023

Continental Investors Services Inc. purchased a new position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,600 shares of the semiconductor provider’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. Cibc World Market Inc. lifted its stake in NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock valued at $5,443,000 after acquiring an additional 1,732 shares during the period. Dimensional Fund Advisors LP lifted its stake in NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after acquiring an additional 21,672 shares during the period. Cetera Investment Advisers lifted its stake in NXP Semiconductors by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after acquiring an additional 325 shares during the period. Sequoia Financial Advisors LLC lifted its stake in NXP Semiconductors by 21.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after acquiring an additional 417 shares during the period. Finally, Vanguard Group Inc. lifted its stake in NXP Semiconductors by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after acquiring an additional 210,979 shares during the period. Institutional investors own 88.70% of the company’s stock.

NXP Semiconductors Trading Down 1.2 %

Shares of NXPI opened at $177.29 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.12 and a quick ratio of 1.58. NXP Semiconductors has a 1 year low of $132.08 and a 1 year high of $198.28. The company has a 50 day simple moving average of $179.82 and a two-hundred day simple moving average of $166.20. The firm has a market cap of $46.01 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 0.73 and a beta of 1.53.

NXP Semiconductors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $1.014 per share. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.85. This represents a $4.06 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, March 14th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.45%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research analyst reports. Cowen upped their target price on shares of NXP Semiconductors from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Raymond James increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Barclays increased their price objective on shares of NXP Semiconductors from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of NXP Semiconductors from $185.00 to $200.00 in a research note on Wednesday, February 1st. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.95.

About NXP Semiconductors

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.