Keystone Financial Group Buys Shares of 1,530 NXP Semiconductors (NASDAQ:NXPI)

Keystone Financial Group bought a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,530 shares of the semiconductor provider's stock, valued at approximately $329,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $2,443,000. Chelsea Counsel Co. grew its stake in NXP Semiconductors by 33.3% in the third quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider's stock valued at $72,000 after acquiring an additional 75 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in NXP Semiconductors by 2.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,000 shares of the semiconductor provider's stock valued at $960,000 after acquiring an additional 100 shares during the period. World Investment Advisors LLC increased its holdings in shares of NXP Semiconductors by 2,103.4% during the third quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider's stock valued at $6,938,000 after acquiring an additional 27,597 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of NXP Semiconductors in the 3rd quarter worth $1,574,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $2.15 during trading hours on Friday, hitting $170.74. The company's stock had a trading volume of 2,106,439 shares, compared to its average volume of 2,577,383. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a 50 day simple moving average of $201.94 and a two-hundred day simple moving average of $215.39. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.38%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Citigroup lowered their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. cut 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. Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four research 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 company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $261.50.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is 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.