Meridian Wealth Advisors LLC Increases Stake in NXP Semiconductors (NASDAQ:NXPI)

Meridian Wealth Advisors LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1,030.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,084 shares of the semiconductor provider's stock after acquiring an additional 12,838 shares during the quarter. Meridian Wealth Advisors LLC's holdings in NXP Semiconductors were worth $2,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NXPI. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% in the fourth 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 in the last quarter. Sound Income Strategies LLC grew its position in NXP Semiconductors by 169.2% in the 4th 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. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter worth $33,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $5.69 on Thursday, reaching $200.06. 2,877,303 shares of the company's stock were exchanged, compared to its average volume of 2,301,078. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $196.95 and a 52 week 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. The stock has a fifty day simple moving average of $215.18 and a 200-day simple moving average of $222.30.

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NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is 41.62%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was 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 in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NXPI shares. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and increased their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average target price of $267.00.

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.