Mackenzie Financial Corp Purchases 26,851 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mackenzie Financial Corp lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,293 shares of the semiconductor provider’s stock after buying an additional 26,851 shares during the period. Mackenzie Financial Corp owned about 0.06% of NXP Semiconductors worth $41,519,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new position in NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC grew its position in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in NXP Semiconductors during the 1st quarter worth about $30,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $244.93 on Friday. The business’s 50 day moving average is $243.78 and its 200-day moving average is $253.73. The firm has a market cap of $62.62 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during 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 company’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. 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. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insiders Place Their Bets

In related 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 value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The sale was disclosed in a filing with the SEC, which is available at this link. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NXPI. Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Citigroup raised their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays raised their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

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.