Proficio Capital Partners LLC Buys New Stake in NXP Semiconductors (NASDAQ:NXPI)

Proficio Capital Partners LLC bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,914 shares of the semiconductor provider's stock, valued at approximately $3,931,000.

Several other large investors also recently modified their holdings of the business. Ascent Group LLC grew its stake in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. grew its stake in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA boosted its stake in NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares during the period. Finally, Trustmark National Bank Trust Department boosted its stake in NXP Semiconductors by 6.8% in the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock valued at $221,000 after acquiring an additional 59 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have commented on NXPI. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

NXP Semiconductors Stock Down 1.0 %

Shares of NXPI stock traded down $2.00 on Friday, hitting $200.64. The company's stock had a trading volume of 3,340,629 shares, compared to its average volume of 2,289,035. 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 has a fifty-two week low of $197.43 and a fifty-two week high of $296.08. The firm's fifty day moving average price is $215.58 and its 200-day moving average price is $223.45. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

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.