Mackenzie Financial Corp Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Mackenzie Financial Corp increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,992 shares of the semiconductor provider’s stock after purchasing an additional 15,283 shares during the quarter. Mackenzie Financial Corp’s holdings in NXP Semiconductors were worth $26,641,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Ballast Advisors LLC increased its position in shares of NXP Semiconductors by 51.7% during the 4th quarter. Ballast Advisors LLC now owns 6,431 shares of the semiconductor provider’s stock valued at $1,477,000 after purchasing an additional 2,193 shares during the last quarter. Cullen Investment Group LTD. bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $1,869,000. Cornercap Investment Counsel Inc. increased its position in shares of NXP Semiconductors by 1.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 5,571 shares of the semiconductor provider’s stock valued at $1,280,000 after purchasing an additional 69 shares during the last quarter. Conning Inc. increased its position in shares of NXP Semiconductors by 58.1% during the 4th quarter. Conning Inc. now owns 1,733 shares of the semiconductor provider’s stock valued at $398,000 after purchasing an additional 637 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of NXP Semiconductors by 8.2% during the 4th quarter. Vontobel Holding Ltd. now owns 563,451 shares of the semiconductor provider’s stock valued at $129,413,000 after purchasing an additional 42,596 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.6 %

Shares of NASDAQ NXPI opened at $226.92 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The stock has a market capitalization of $58.11 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The business has a fifty day moving average price of $241.93 and a 200 day moving average price of $218.41.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Equities research analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NXPI shares. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Cantor Fitzgerald upped their price objective on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Morgan Stanley upped their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Wolfe Research raised NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $242.29.

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.