Figure 8 Investment Strategies LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Figure 8 Investment Strategies LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,465 shares of the semiconductor provider's stock, valued at approximately $2,799,000. NXP Semiconductors accounts for 2.7% of Figure 8 Investment Strategies LLC's investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC lifted its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC grew 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 purchasing an additional 88 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after buying an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock opened at $219.59 on Friday. The stock has a market cap of $55.81 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $213.00 and a 200 day moving average price of $228.62.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.85%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised NXP Semiconductors from a "neutral" rating to a "buy" rating and decreased their price target for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Evercore ISI dropped their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. UBS Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $231.00 to $257.00 in a research report on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $264.45.

NXP Semiconductors 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.

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