Aventura Private Wealth LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,862 shares of the semiconductor provider’s stock, valued at approximately $621,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC raised its position in shares of NXP Semiconductors by 0.7% in the 4th quarter. Sagespring Wealth Partners LLC now owns 8,536 shares of the semiconductor provider’s stock valued at $1,853,000 after purchasing an additional 60 shares in the last quarter. Avior Wealth Management LLC raised its holdings in NXP Semiconductors by 17.8% in the fourth quarter. Avior Wealth Management LLC now owns 1,488 shares of the semiconductor provider’s stock valued at $323,000 after acquiring an additional 225 shares in the last quarter. Confluence Investment Management LLC raised its holdings in NXP Semiconductors by 8.3% in the fourth quarter. Confluence Investment Management LLC now owns 228,220 shares of the semiconductor provider’s stock valued at $49,538,000 after acquiring an additional 17,485 shares in the last quarter. GAMMA Investing LLC boosted its stake in NXP Semiconductors by 6.5% during the 4th quarter. GAMMA Investing LLC now owns 4,084 shares of the semiconductor provider’s stock valued at $886,000 after acquiring an additional 248 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in NXP Semiconductors by 155.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 5,029 shares of the semiconductor provider’s stock worth $1,143,000 after acquiring an additional 3,062 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 0.5%
NASDAQ:NXPI opened at $191.37 on Friday. The business’s fifty day moving average price is $224.49 and its 200 day moving average price is $220.23. The firm has a market capitalization of $48.36 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 0.86 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $256.36.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is currently 51.13%.
Insider Activity at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. Truist Financial decreased their price target on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. KeyCorp upped their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Bank of America reduced their target price on NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, Wells Fargo & Company lifted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $253.67.
Get Our Latest Analysis on NXP Semiconductors
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
Further Reading
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