Financiere des Professionnels Fonds d investissement inc. Has $6.11 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Financiere des Professionnels Fonds d investissement inc. cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 32,161 shares of the semiconductor provider’s stock after selling 1,335 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in NXP Semiconductors were worth $6,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $672,224,000. Voloridge Investment Management LLC raised its holdings in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock worth $213,154,000 after buying an additional 582,317 shares in the last quarter. GAMMA Investing LLC increased its holdings in NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock worth $110,969,000 after purchasing an additional 581,688 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NXP Semiconductors by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock valued at $322,764,000 after acquiring an additional 414,932 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $232.74 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.89 and a beta of 1.40. The stock has a 50 day moving average of $205.65 and a 200 day moving average of $204.89. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. NXP Semiconductors’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the business posted $3.24 earnings per share. As a group, sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio is currently 44.23%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares of the company’s stock, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC lowered their price objective on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Evercore ISI reissued an “outperform” rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Wells Fargo & Company increased their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, June 16th. Citigroup lowered their price objective on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, Barclays lowered their price objective on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $246.22.

About NXP Semiconductors

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.