Atria Wealth Solutions Inc. Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Atria Wealth Solutions Inc. boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,174 shares of the semiconductor provider’s stock after purchasing an additional 821 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NXP Semiconductors were worth $2,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth about $26,000. BluePath Capital Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at approximately $28,000. Valley National Advisers Inc. raised its stake in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the period. Paradigm Asset Management Co. LLC lifted its position in shares of NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its holdings in NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.8 %

NXP Semiconductors stock opened at $247.13 on Tuesday. The company’s 50-day moving average price is $241.50 and its two-hundred day moving average price is $220.29. The stock has a market cap of $63.29 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, analysts expect that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. TD Cowen raised their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer increased their target price on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI started coverage on shares of NXP Semiconductors in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $300.00 price target for the company. Finally, Susquehanna increased their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $242.29.

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.