Pacer Advisors Inc. Purchases 5,055 Shares of NXP Semiconductors (NASDAQ:NXPI)

Pacer Advisors Inc. grew its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,682 shares of the semiconductor provider's stock after purchasing an additional 5,055 shares during the quarter. Pacer Advisors Inc.'s holdings in NXP Semiconductors were worth $7,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC boosted its holdings 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 during the last quarter. Sound Income Strategies LLC lifted its position in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Brooklyn Investment Group increased its position in shares of NXP Semiconductors by 69.5% during the fourth 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 period. Finally, Fortitude Family Office LLC raised its stake in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after buying an additional 75 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on NXPI shares. Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They set a "buy" rating and a $300.00 price target for the company. Citic Securities began coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Susquehanna cut their price target on NXP Semiconductors from $250.00 to $235.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price objective for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $270.85.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $1.62 during midday trading on Thursday, reaching $211.39. 3,298,758 shares of the stock were exchanged, compared to its average volume of 2,384,780. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market cap of $53.73 billion, a PE ratio of 20.17, a PEG ratio of 3.25 and a beta of 1.47. The company's fifty day moving average is $216.41 and its 200-day moving average is $232.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.31 earnings per share. On average, sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is 38.74%.

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.