Commonwealth Equity Services LLC Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Commonwealth Equity Services LLC increased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,698 shares of the semiconductor provider's stock after acquiring an additional 1,254 shares during the period. Commonwealth Equity Services LLC's holdings in NXP Semiconductors were worth $14,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC lifted its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors in the 4th quarter valued at approximately $32,000. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

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NXP Semiconductors Stock Down 1.0 %

NXPI traded down $2.00 during midday trading on Friday, hitting $200.64. The company had a trading volume of 3,351,987 shares, compared to its average volume of 2,289,038. The stock's 50 day moving average price is $215.58 and its 200 day moving average price is $223.45. NXP Semiconductors has a 52 week low of $197.43 and a 52 week high of $296.08. The company has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Susquehanna dropped their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Buying and Selling

In other NXP Semiconductors 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 owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Company 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.