Bessemer Group Inc. Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Bessemer Group Inc. raised its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,762 shares of the semiconductor provider's stock after acquiring an additional 116,887 shares during the period. Bessemer Group Inc. owned 0.30% of NXP Semiconductors worth $158,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after buying an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group grew its position in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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NXP Semiconductors Trading Up 0.3 %

NXPI stock traded up $0.51 during midday trading on Monday, hitting $169.30. The stock had a trading volume of 742,138 shares, compared to its average volume of 2,559,946. The firm has a market cap of $42.94 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company's 50-day moving average price is $205.37 and its 200 day moving average price is $217.03. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. 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 was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.40%. NXP Semiconductors's payout ratio is 41.62%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NXPI. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna dropped their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC cut their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Truist Financial increased their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus price target of $263.50.

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.