Mercer Global Advisors Inc. ADV Takes $372,000 Position in NXP Semiconductors NV (NXPI)

Mercer Global Advisors Inc. ADV bought a new position in NXP Semiconductors NV (NASDAQ:NXPI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,075 shares of the semiconductor provider’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of NXP Semiconductors by 8.8% in the fourth quarter. Northern Trust Corp now owns 3,975,297 shares of the semiconductor provider’s stock worth $291,310,000 after buying an additional 322,506 shares in the last quarter. Norges Bank bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $234,256,000. Brown Advisory Inc. lifted its stake in shares of NXP Semiconductors by 19.9% in the fourth quarter. Brown Advisory Inc. now owns 2,946,237 shares of the semiconductor provider’s stock worth $215,899,000 after buying an additional 488,226 shares in the last quarter. Cambiar Investors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $168,740,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of NXP Semiconductors by 77.1% in the third quarter. TIAA CREF Investment Management LLC now owns 2,263,768 shares of the semiconductor provider’s stock worth $193,552,000 after buying an additional 985,301 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Several research analysts have recently issued reports on NXPI shares. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 target price on shares of NXP Semiconductors in a research note on Thursday, January 24th. Mizuho downgraded shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $99.00 to $95.00 in a research note on Friday, February 8th. Nomura upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Thursday, January 17th. Deutsche Bank upped their target price on shares of NXP Semiconductors from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, TheStreet upgraded shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Buy” and a consensus target price of $101.02.

Shares of NXPI stock opened at $100.59 on Friday. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $122.24. The company has a market cap of $33.06 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.28. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.52%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. As a group, research analysts predict that NXP Semiconductors NV will post 6.23 earnings per share for the current year.

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