Hansberger Growth Investors LP grew its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,611 shares of the semiconductor provider’s stock after buying an additional 4,767 shares during the period. NXP Semiconductors makes up 9.6% of Hansberger Growth Investors LP’s investment portfolio, making the stock its 3rd largest holding. Hansberger Growth Investors LP’s holdings in NXP Semiconductors were worth $9,777,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of NXPI. Fifth Third Bancorp increased its position in shares of NXP Semiconductors by 1,292.0% during the 1st quarter. Fifth Third Bancorp now owns 2,951 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 2,739 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $12,151,000. Elo Mutual Pension Insurance Co increased its position in shares of NXP Semiconductors by 15.5% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 79,800 shares of the semiconductor provider’s stock valued at $7,054,000 after purchasing an additional 10,700 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of NXP Semiconductors by 161.0% during the 1st quarter. Riverhead Capital Management LLC now owns 20,750 shares of the semiconductor provider’s stock valued at $1,834,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $8,698,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.
NXPI traded down $2.33 during trading hours on Friday, hitting $92.11. The stock had a trading volume of 59,980 shares, compared to its average volume of 3,826,275. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $117.61. The firm has a market cap of $31.04 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.42.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s payout ratio is presently 16.84%.
Several equities research analysts have recently issued reports on NXPI shares. Deutsche Bank raised their target price on NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BidaskClub lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Bank of America reaffirmed a “buy” rating and set a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price objective for the company in a report on Wednesday, April 10th. Finally, Mizuho lifted their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $101.32.
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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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