Allred Capital Management LLC Takes $691,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Allred Capital Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,322 shares of the semiconductor provider's stock, valued at approximately $691,000.

A number of other institutional investors have also recently bought and sold shares of the business. Central Bank & Trust Co. raised its stake in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after acquiring an additional 48 shares during the period. Parkside Financial Bank & Trust increased its position in NXP Semiconductors by 9.8% during the 4th 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 period. Private Trust Co. NA boosted its position in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares during the period. J. W. Coons Advisors LLC grew its stake in shares of NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after acquiring an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its position in NXP Semiconductors by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Trading Up 3.5 %

NXPI traded up $6.03 during trading on Wednesday, reaching $180.69. 1,150,273 shares of the company's stock were exchanged, compared to its average volume of 2,570,194. The stock has a market capitalization of $45.83 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The firm has a fifty day moving average price of $199.27 and a two-hundred day moving average price of $213.98.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research report on Monday. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $258.10.

Insider Activity at NXP Semiconductors

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

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.