NXP Semiconductors (NASDAQ:NXPI) Stake Increased by Manchester Capital Management LLC

Manchester Capital Management LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389 shares of the semiconductor provider’s stock after purchasing an additional 79 shares during the period. Manchester Capital Management LLC’s holdings in NXP Semiconductors were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Figure 8 Investment Strategies LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $2,799,000. Asset Management One Co. Ltd. increased its stake in shares of NXP Semiconductors by 2.7% in the fourth 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 during the last quarter. Van ECK Associates Corp increased its stake in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of NXP Semiconductors by 3.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,167 shares of the semiconductor provider’s stock worth $658,000 after acquiring an additional 92 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its stake in shares of NXP Semiconductors by 2.6% in the fourth quarter. Great Lakes Retirement Inc. now owns 8,989 shares of the semiconductor provider’s stock worth $1,877,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.1 %

NXPI stock opened at $224.14 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a 50-day moving average of $213.16 and a two-hundred day moving average of $228.34. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 41.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price target for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. 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 report on Wednesday, November 6th. Finally, UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $264.45.

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.