Sagespring Wealth Partners LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,888 shares of the semiconductor provider's stock, valued at approximately $1,432,000.
Other hedge funds and other institutional investors also recently modified their holdings of 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 worth $27,000 after acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC boosted its stake in 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 in the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group raised its holdings in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on NXPI. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. 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 report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup cut their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $261.50.
Check Out Our Latest Report on NXPI
NXP Semiconductors Price Performance
Shares of NASDAQ:NXPI traded up $2.15 on Friday, reaching $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 P/E 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 quick ratio of 1.60 and a current ratio of 2.36. The company has a 50-day simple moving average of $201.94 and a 200 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.38%. NXP Semiconductors's dividend payout ratio is presently 41.62%.
Insider Buying and Selling
In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.
About NXP Semiconductors
(
Free Report)
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.
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