Strategic Financial Concepts LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 22,083 shares of the semiconductor provider’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of NXP Semiconductors by 14.8% in the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock valued at $1,211,000 after purchasing an additional 649 shares during the period. Exchange Traded Concepts LLC lifted its holdings in NXP Semiconductors by 2,095.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider’s stock worth $1,317,000 after buying an additional 5,239 shares in the last quarter. Zhang Financial LLC lifted its holdings in NXP Semiconductors by 19.6% during the 3rd quarter. Zhang Financial LLC now owns 4,281 shares of the semiconductor provider’s stock worth $1,028,000 after buying an additional 701 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in NXP Semiconductors by 4.2% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 41,227 shares of the semiconductor provider’s stock valued at $9,825,000 after buying an additional 1,677 shares during the period. Finally, Opal Wealth Advisors LLC grew its stake in shares of NXP Semiconductors by 11.9% in the third quarter. Opal Wealth Advisors LLC now owns 1,437 shares of the semiconductor provider’s stock worth $345,000 after acquiring an additional 153 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Truist Financial reduced their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI decreased their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $264.45.

NXP Semiconductors Stock Up 4.2 %

NXP Semiconductors stock opened at $219.79 on Thursday. The company has a market capitalization of $55.86 billion, a P/E ratio of 22.59, a PEG ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The stock has a 50-day simple moving average of $213.08 and a 200-day simple moving average of $228.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.85%. NXP Semiconductors’s payout ratio is 41.73%.

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.