NEOS Investment Management LLC Purchases 6,288 Shares of NXP Semiconductors (NASDAQ:NXPI)

NEOS Investment Management LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,363 shares of the semiconductor provider’s stock after purchasing an additional 6,288 shares during the quarter. NEOS Investment Management LLC’s holdings in NXP Semiconductors were worth $6,727,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NXPI. Kingsview Wealth Management LLC raised its stake in shares of NXP Semiconductors by 26.1% in the third quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock worth $483,000 after purchasing an additional 416 shares during the last quarter. Larson Financial Group LLC lifted its stake in NXP Semiconductors by 213.8% during the 3rd quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock valued at $218,000 after acquiring an additional 618 shares in the last quarter. Private Trust Co. NA boosted its holdings in NXP Semiconductors by 12.5% during the 3rd quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock worth $220,000 after acquiring an additional 102 shares during the last quarter. Avestar Capital LLC grew its stake in shares of NXP Semiconductors by 15.1% in the 3rd quarter. Avestar Capital LLC now owns 1,373 shares of the semiconductor provider’s stock worth $330,000 after acquiring an additional 180 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of NXP Semiconductors by 26.0% in the third quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock valued at $1,127,000 after purchasing an additional 969 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXPI. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ NXPI opened at $200.06 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $50.74 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The business has a 50-day simple moving average of $215.18 and a two-hundred day simple moving average of $222.30.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.03%. NXP Semiconductors’s dividend payout ratio is currently 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.