NXP Semiconductors NV (NXPI) Holdings Boosted by Renaissance Investment Group LLC

Renaissance Investment Group LLC boosted its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 0.2% in the first quarter, Holdings Channel reports. The institutional investor owned 56,403 shares of the semiconductor provider’s stock after acquiring an additional 126 shares during the period. NXP Semiconductors makes up 2.0% of Renaissance Investment Group LLC’s portfolio, making the stock its 21st largest holding. Renaissance Investment Group LLC’s holdings in NXP Semiconductors were worth $4,986,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NXPI. First Personal Financial Services raised its position in NXP Semiconductors by 356.0% in the 4th quarter. First Personal Financial Services now owns 342 shares of the semiconductor provider’s stock worth $25,000 after buying an additional 267 shares during the last quarter. Legacy Bridge LLC purchased a new position in NXP Semiconductors in the 4th quarter worth about $26,000. Lindbrook Capital LLC purchased a new position in NXP Semiconductors in the 4th quarter worth about $26,000. Berman Capital Advisors LLC purchased a new position in NXP Semiconductors in the 4th quarter worth about $27,000. Finally, Liberty Wealth Management LLC raised its position in NXP Semiconductors by 5,050.0% in the 1st quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 303 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on NXPI. ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target for the company in a research report on Wednesday, April 10th. Piper Jaffray Companies upped their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Deutsche Bank upped their price target on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $101.02.

NXP Semiconductors stock traded down $0.58 during midday trading on Friday, hitting $100.59. The stock had a trading volume of 2,823,300 shares, compared to its average volume of 3,897,173. The firm has a market capitalization of $33.06 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.28 and a beta of 1.09. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $122.24. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.28. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.52%. On average, analysts predict that NXP Semiconductors NV will post 6.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, March 15th. NXP Semiconductors’s dividend payout ratio is 16.84%.

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NXP Semiconductors Company 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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