Strategic Financial Concepts LLC Takes $46,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,083 shares of the semiconductor provider's stock, valued at approximately $46,000.

Several other institutional investors have also bought and sold shares of NXPI. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% in the fourth 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 last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter worth $33,000. Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group raised NXP Semiconductors from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. UBS Group cut their price objective on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $264.45.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded up $4.55 during midday trading on Friday, reaching $224.14. 3,085,358 shares of the company traded hands, compared to its average volume of 2,691,124. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The firm has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The firm's fifty day moving average price is $213.16 and its two-hundred day moving average price is $228.18.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. NXP Semiconductors's payout ratio is 41.73%.

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.