EFG Asset Management North America Corp. Has $1.87 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

EFG Asset Management North America Corp. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the semiconductor provider’s stock after purchasing an additional 737 shares during the period. EFG Asset Management North America Corp.’s holdings in NXP Semiconductors were worth $1,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC lifted its stake in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, Smithfield Trust Co acquired a new stake in NXP Semiconductors during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 0.1 %

Shares of NASDAQ:NXPI opened at $211.33 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock’s 50-day moving average is $215.56 and its 200-day moving average is $222.57. The company has a market cap of $53.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NXPI shares. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.