Signature Wealth Management Group Has $1.56 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Signature Wealth Management Group lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,480 shares of the semiconductor provider’s stock after buying an additional 220 shares during the quarter. Signature Wealth Management Group’s holdings in NXP Semiconductors were worth $1,555,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NXPI. Ascent Group LLC grew its stake in NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. increased its position in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust boosted its stake in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after buying an additional 53 shares in the last quarter. Finally, Trustmark National Bank Trust Department lifted its position in shares of NXP Semiconductors by 6.8% during the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after purchasing an additional 59 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 2.6 %

Shares of NASDAQ:NXPI opened at $206.16 on Friday. The business’s 50 day moving average price is $215.95 and its 200-day moving average price is $224.49. NXP Semiconductors has a 1 year low of $198.21 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. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Barclays decreased their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

About NXP Semiconductors

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.