May Hill Capital LLC purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,614 shares of the semiconductor provider's stock, valued at approximately $335,000.
Several other institutional investors have also modified their holdings of the business. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter worth $33,000. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors in the 4th quarter valued at $32,000. Finally, Smithfield Trust Co acquired a new position in NXP Semiconductors in the 4th quarter worth $32,000. Institutional investors own 90.54% of the company's stock.
NXP Semiconductors Stock Performance
NXP Semiconductors stock traded down $11.07 during mid-day trading on Friday, hitting $160.81. 6,448,979 shares of the company's stock traded hands, compared to its average volume of 2,476,330. NXP Semiconductors has a fifty-two week low of $155.87 and a fifty-two week high of $296.08. The stock has a market cap of $40.78 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 3.01 and a beta of 1.47. The firm has a 50 day simple moving average of $211.21 and a two-hundred day simple moving average of $220.30. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.
Insider Activity at NXP Semiconductors
In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the company. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Stifel Nicolaus cut 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. Truist Financial raised their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $267.00.
View Our Latest Stock Analysis on NXP Semiconductors
About NXP Semiconductors
(
Free Report)
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.
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