Foster Victor Wealth Advisors LLC Has $10.49 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Foster Victor Wealth Advisors LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 18.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,704 shares of the semiconductor provider’s stock after buying an additional 7,477 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $10,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after acquiring an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after buying an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after buying an additional 512,253 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after buying an additional 511,553 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Morgan Stanley dropped their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. TD Cowen decreased their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $260.00 to $257.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $213.43 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $216.55 and its two-hundred day moving average price is $232.88. The company has a market cap of $54.25 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm earned $3.31 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

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.