Prestige Wealth Management Group LLC Buys 89 Shares of NXP Semiconductors (NASDAQ:NXPI)

Prestige Wealth Management Group LLC grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493 shares of the semiconductor provider’s stock after acquiring an additional 89 shares during the period. Prestige Wealth Management Group LLC’s holdings in NXP Semiconductors were worth $103,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth $13,445,000. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $46,000. Austin Private Wealth LLC lifted its stake in NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXPI. JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Performance

NXPI opened at $211.33 on Wednesday. The firm has a 50 day moving average of $215.56 and a two-hundred day moving average of $222.57. The firm has a market capitalization of $53.60 billion, a PE ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08.

NXP Semiconductors Dividend Announcement

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

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.