3,526 Shares in NXP Semiconductors N.V. $NXPI Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,526 shares of the semiconductor provider’s stock, valued at approximately $770,000.

Other institutional investors also recently bought and sold shares of the company. Vantage Investment Partners LLC grew its holdings in shares of NXP Semiconductors by 5.2% during the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock worth $7,471,000 after buying an additional 1,675 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of NXP Semiconductors by 15.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,336 shares of the semiconductor provider’s stock valued at $1,774,000 after purchasing an additional 1,274 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of NXP Semiconductors by 602.8% in the second quarter. ARGA Investment Management LP now owns 283,677 shares of the semiconductor provider’s stock valued at $61,981,000 after purchasing an additional 243,316 shares during the period. Nordea Investment Management AB raised its stake in shares of NXP Semiconductors by 5.6% during the second quarter. Nordea Investment Management AB now owns 643,153 shares of the semiconductor provider’s stock worth $140,175,000 after purchasing an additional 34,211 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 956.1% during the second quarter. Avior Wealth Management LLC now owns 1,563 shares of the semiconductor provider’s stock worth $342,000 after purchasing an additional 1,415 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXPI stock opened at $219.16 on Monday. The firm has a 50 day moving average of $225.15 and a 200-day moving average of $213.14. The company has a market cap of $55.25 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.48 and a beta of 1.44. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.62.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s payout ratio is presently 48.39%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Rafael Sotomayor sold 2,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president owned 4,958 shares of the company’s stock, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NXPI. Barclays boosted their price objective on shares of NXP Semiconductors from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a research note on Friday, July 18th. Susquehanna raised their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.06.

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.