NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,671 shares of the semiconductor provider’s stock after buying an additional 1,533 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NXP Semiconductors were worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CWM LLC grew its position in NXP Semiconductors by 14.8% during the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock valued at $1,211,000 after buying an additional 649 shares during the period. Exchange Traded Concepts LLC grew its position in shares of 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 valued at $1,317,000 after acquiring an additional 5,239 shares during the period. Occidental Asset Management LLC increased its stake in shares of NXP Semiconductors by 6.0% in the 3rd quarter. Occidental Asset Management LLC now owns 7,396 shares of the semiconductor provider’s stock valued at $1,775,000 after purchasing an additional 417 shares in the last quarter. Zhang Financial LLC raised its holdings in NXP Semiconductors by 19.6% in the 3rd quarter. Zhang Financial LLC now owns 4,281 shares of the semiconductor provider’s stock worth $1,028,000 after purchasing an additional 701 shares during the period. Finally, Lockerman Financial Group Inc. boosted its position in NXP Semiconductors by 9.1% during the third quarter. Lockerman Financial Group Inc. now owns 1,200 shares of the semiconductor provider’s stock worth $288,000 after purchasing an additional 100 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NXPI shares. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Truist Financial decreased their price objective 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. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Barclays reduced their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley cut their price objective on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $210.97 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $213.42 and a 200 day moving average price of $228.99. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The stock has a market cap of $53.62 billion, a P/E ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio is currently 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.