Virtu Financial LLC Buys New Position in NXP Semiconductors (NASDAQ:NXPI)

Virtu Financial LLC purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,695 shares of the semiconductor provider's stock, valued at approximately $1,392,000.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC raised its position in shares of 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 buying an additional 119 shares in the last quarter. Sound Income Strategies LLC raised its holdings in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $32,000. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth $33,000. Finally, Brooklyn Investment Group increased its position in shares of 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 period. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NXPI shares. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Mizuho increased their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Citigroup upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered 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. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $267.00.

Remove Ads

NXP Semiconductors Trading Down 0.0 %

NASDAQ:NXPI traded down $0.07 during trading hours on Tuesday, hitting $211.05. 978,838 shares of the company were exchanged, compared to its average volume of 2,287,834. The stock has a market capitalization of $53.53 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08. The company has a fifty day simple moving average of $215.54 and a 200 day simple moving average of $222.68. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The business 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. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently 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.