NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Toroso Investments LLC

Toroso Investments LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 142.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,808 shares of the semiconductor provider’s stock after acquiring an additional 5,168 shares during the period. Toroso Investments LLC’s holdings in NXP Semiconductors were worth $1,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of NXP Semiconductors by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 12,120 shares of the semiconductor provider’s stock valued at $2,243,000 after acquiring an additional 60 shares during the period. Signaturefd LLC boosted its holdings in shares of NXP Semiconductors by 1.2% during the 3rd quarter. Signaturefd LLC now owns 5,372 shares of the semiconductor provider’s stock worth $792,000 after buying an additional 65 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of NXP Semiconductors by 6.1% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 1,126 shares of the semiconductor provider’s stock worth $166,000 after buying an additional 65 shares during the period. Quantum Private Wealth LLC boosted its holdings in shares of NXP Semiconductors by 1.4% during the 3rd quarter. Quantum Private Wealth LLC now owns 4,692 shares of the semiconductor provider’s stock worth $692,000 after buying an additional 67 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in shares of NXP Semiconductors by 4.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,552 shares of the semiconductor provider’s stock worth $229,000 after buying an additional 69 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NXPI. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $174.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Raymond James boosted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Susquehanna dropped their target price on shares of NXP Semiconductors from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, February 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of NXP Semiconductors from $185.00 to $200.00 in a report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.95.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $177.29 on Friday. The firm has a 50-day moving average of $179.82 and a 200-day moving average of $166.20. The company has a market cap of $46.01 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.75 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.12 and a quick ratio of 1.58. NXP Semiconductors has a one year low of $132.08 and a one year high of $198.28.

NXP Semiconductors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be issued a $1.014 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $4.06 annualized dividend and a dividend yield of 2.29%. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.85. NXP Semiconductors’s dividend payout ratio is currently 38.35%.

NXP Semiconductors Company Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.