Kornitzer Capital Management Inc. KS Invests $770,000 in NXP Semiconductors N.V. $NXPI

Kornitzer Capital Management Inc. KS bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,526 shares of the semiconductor provider’s stock, valued at approximately $770,000.

A number of other large investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. boosted its holdings in NXP Semiconductors by 3.3% during the 1st quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after acquiring an additional 54 shares during the period. AlphaCore Capital LLC lifted its position in shares of NXP Semiconductors by 3.5% during the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock worth $312,000 after purchasing an additional 55 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC grew its holdings in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock valued at $85,000 after purchasing an additional 57 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider’s stock worth $4,145,000 after buying an additional 58 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen decreased their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, October 10th. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. KeyCorp boosted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a report on Thursday, July 10th. They set a “buy” rating and a $276.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.06.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $219.16 on Monday. The stock’s 50-day simple moving average is $225.15 and its 200-day simple moving average is $213.14. The firm has a market capitalization of $55.25 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.44. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $256.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

NXP Semiconductors Announces Dividend

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

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, 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. Corporate insiders own 0.12% of the company’s stock.

About NXP Semiconductors

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.