HighTower Advisors LLC Buys 7,605 Shares of NXP Semiconductors (NASDAQ:NXPI)

HighTower Advisors LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,289 shares of the semiconductor provider's stock after buying an additional 7,605 shares during the quarter. HighTower Advisors LLC owned about 0.08% of NXP Semiconductors worth $41,630,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Moors & Cabot Inc. purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $282,000. Natural Investments LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $308,000. Wealthfront Advisers LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $317,000. Inspire Advisors LLC lifted its stake in NXP Semiconductors by 15.6% in the 4th quarter. Inspire Advisors LLC now owns 2,562 shares of the semiconductor provider's stock worth $533,000 after purchasing an additional 345 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $724,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NXPI shares. Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Truist Financial raised their price objective 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. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Mizuho increased their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an "overweight" rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $267.00.

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NXP Semiconductors Stock Up 2.6 %

NASDAQ NXPI traded up $5.14 during trading hours on Friday, reaching $206.16. 2,771,372 shares of the company's stock traded hands, compared to its average volume of 2,307,878. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a market cap of $52.29 billion, a PE ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. The firm has a 50-day simple moving average of $215.95 and a 200 day simple moving average of $224.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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 $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. NXP Semiconductors's dividend payout ratio is 41.62%.

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.