1,736 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,736 shares of the semiconductor provider's stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Merit Financial Group LLC bought a new position in NXP Semiconductors in the 4th quarter valued at approximately $360,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Austin Private Wealth LLC boosted its holdings in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after acquiring an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. grew its position in NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Finally, Czech National Bank increased its holdings in NXP Semiconductors by 6.2% in the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock worth $11,454,000 after purchasing an additional 3,216 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NXPI shares. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Mizuho lifted their price target 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. Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.50.

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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 owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Up 0.7 %

NXP Semiconductors stock traded up $1.25 during trading on Tuesday, hitting $171.80. 391,517 shares of the company were exchanged, compared to its average volume of 2,557,775. The company has a market capitalization of $43.57 billion, a P/E ratio of 17.62, a PEG ratio of 3.01 and a beta of 1.40. The business's 50 day moving average is $204.52 and its 200 day moving average is $216.51. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.36%. NXP Semiconductors's payout ratio is 41.62%.

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.