NXP Semiconductors (NASDAQ:NXPI) Position Boosted by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 50.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321 shares of the semiconductor provider’s stock after acquiring an additional 441 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in shares of NXP Semiconductors by 33.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock valued at $435,000 after buying an additional 406 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $258,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of NXP Semiconductors by 9.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock valued at $169,000 after buying an additional 54 shares during the last quarter. AE Wealth Management LLC lifted its holdings in NXP Semiconductors by 9.1% in the 2nd quarter. AE Wealth Management LLC now owns 8,144 shares of the semiconductor provider’s stock worth $2,191,000 after purchasing an additional 682 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in NXP Semiconductors by 1.0% in the 2nd quarter. Pacer Advisors Inc. now owns 30,658 shares of the semiconductor provider’s stock worth $8,250,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $214.88 on Wednesday. The stock’s fifty day moving average is $217.27 and its 200-day moving average is $235.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market capitalization of $54.61 billion, a PE ratio of 20.50, a PEG ratio of 3.23 and a beta of 1.47. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.31 earnings per share. Equities research analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. Morgan Stanley reduced their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $271.60.

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.