LPL Financial LLC Purchases 17,736 Shares of NXP Semiconductors (NASDAQ:NXPI)

LPL Financial LLC raised its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.8% in the fourth quarter, HoldingsChannel reports. The firm owned 218,394 shares of the semiconductor provider’s stock after acquiring an additional 17,736 shares during the period. LPL Financial LLC’s holdings in NXP Semiconductors were worth $45,393,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NXPI. ORG Wealth Partners LLC raised its holdings 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 acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 2.8 %

Shares of NXP Semiconductors stock opened at $200.06 on Friday. The stock has a market cap of $50.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The firm has a fifty day moving average price of $215.18 and a 200 day moving average price of $222.30. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NXPI shares. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.