Wealthfront Advisers LLC Invests $317,000 in NXP Semiconductors (NASDAQ:NXPI)

Wealthfront Advisers LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,524 shares of the semiconductor provider's stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ascent Group LLC increased its position in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. boosted its stake in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after buying an additional 48 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA boosted its stake in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after buying an additional 53 shares during the last quarter. Finally, Trustmark National Bank Trust Department lifted its stake in shares of NXP Semiconductors by 6.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock valued at $221,000 after purchasing an additional 59 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on NXPI. JPMorgan Chase & Co. decreased their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an "overweight" rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $2.00 during mid-day trading on Friday, reaching $200.64. 3,351,333 shares of the company were exchanged, compared to its average volume of 2,289,036. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm's 50-day simple moving average is $215.58 and its two-hundred day simple moving average is $223.45. The firm has a market cap of $50.89 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $197.43 and a twelve month high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

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.