Dynamic Technology Lab Private Ltd Lowers Position in NXP Semiconductors NV (NASDAQ:NXPI)

Dynamic Technology Lab Private Ltd reduced its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 44.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,413 shares of the semiconductor provider’s stock after selling 15,840 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NXP Semiconductors were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $234,256,000. Boston Partners acquired a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $149,891,000. Brandes Investment Partners LP acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $122,567,000. Sound Shore Management Inc. CT acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $101,480,000. Finally, First Trust Advisors LP raised its holdings in shares of NXP Semiconductors by 1,207.1% during the fourth quarter. First Trust Advisors LP now owns 955,692 shares of the semiconductor provider’s stock valued at $70,033,000 after acquiring an additional 882,579 shares during the period. 75.98% of the stock is owned by institutional investors.

Shares of NXP Semiconductors stock traded down $1.62 during mid-day trading on Friday, reaching $97.61. 5,986,899 shares of the stock were exchanged, compared to its average volume of 4,053,666. NXP Semiconductors NV has a fifty-two week low of $67.62 and a fifty-two week high of $111.49. The company has a 50-day simple moving average of $94.34. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $31.93 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. On average, equities research analysts expect that NXP Semiconductors NV will post 6.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. NXP Semiconductors’s dividend payout ratio is 16.84%.

NXPI has been the topic of a number of recent analyst reports. Deutsche Bank boosted their price target on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, March 14th. BidaskClub downgraded shares of 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 price objective (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 target price for the company in a research report on Wednesday, April 10th. Finally, Mizuho boosted their target price on shares of NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Buy” and a consensus price target of $101.32.

NXP Semiconductors Profile

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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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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