NXP Semiconductors (NASDAQ:NXPI) Position Increased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,167 shares of the semiconductor provider’s stock after purchasing an additional 92 shares during the period. Avidian Wealth Enterprises LLC’s holdings in NXP Semiconductors were worth $658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crumly & Associates Inc. increased its stake in shares of NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the last quarter. Sterling Investment Counsel LLC boosted its holdings in NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC boosted its holdings in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. increased its position in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after buying an additional 48 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its holdings in NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $219.79 on Thursday. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $213.08 and a 200 day simple moving average of $228.68. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NXPI. Oppenheimer lowered their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. UBS Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their target price for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.45.

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.