BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.20 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 58.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,050 shares of the semiconductor provider’s stock after purchasing an additional 18,178 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NXP Semiconductors were worth $13,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NXPI. Aveo Capital Partners LLC lifted its holdings in NXP Semiconductors by 43.7% during the 4th quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock worth $345,000 after purchasing an additional 456 shares during the last quarter. 9258 Wealth Management LLC increased its stake in NXP Semiconductors by 21.2% during the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock worth $1,158,000 after acquiring an additional 881 shares during the period. Artisan Partners Limited Partnership increased its stake in NXP Semiconductors by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 292,632 shares of the semiconductor provider’s stock worth $67,212,000 after acquiring an additional 6,641 shares during the period. United Services Automobile Association bought a new position in NXP Semiconductors during the 4th quarter worth $4,629,000. Finally, Douglass Winthrop Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter worth $689,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 0.8 %

Shares of NASDAQ:NXPI opened at $233.75 on Wednesday. The company has a market capitalization of $59.54 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The business’s 50-day moving average is $245.85 and its 200-day moving average is $254.04. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.49%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays lifted their price target on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley decreased their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Oppenheimer boosted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.89.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.