Ashton Thomas Private Wealth LLC Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Ashton Thomas Private Wealth LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,443 shares of the semiconductor provider’s stock after selling 364 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in NXP Semiconductors were worth $302,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC raised 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 worth $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Finally, Brooklyn Investment Group raised its stake in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $205.80 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The firm has a 50-day simple moving average of $216.17 and a 200 day simple moving average of $225.30. The company has a market cap of $52.19 billion, a PE ratio of 21.15, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company 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 dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NXPI shares. Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.