NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,670 shares of the semiconductor provider’s stock after purchasing an additional 959 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in NXP Semiconductors were worth $4,088,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NXPI. Ascent Group LLC increased its holdings in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. increased its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after purchasing an additional 48 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the last quarter. Private Trust Co. NA increased its holdings in NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the last quarter. Finally, Trustmark National Bank Trust Department increased its holdings in NXP Semiconductors by 6.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after purchasing an additional 59 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Susquehanna dropped their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $206.16 on Monday. The stock has a market cap of $52.29 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a fifty day simple moving average of $215.95 and a 200-day simple moving average of $224.33. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.97%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

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.