BankPlus Wealth Management LLC Purchases Shares of 1,036 NXP Semiconductors (NASDAQ:NXPI)

BankPlus Wealth Management LLC acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,036 shares of the semiconductor provider’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter worth approximately $33,000. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.8 %

NXPI stock opened at $215.08 on Tuesday. The firm has a market cap of $54.66 billion, a PE ratio of 20.52, a PEG ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The company has a fifty day simple moving average of $216.79 and a 200 day simple moving average of $233.77. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly 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 company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXPI shares. Truist Financial cut their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Morgan Stanley cut their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, TD Cowen dropped their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $270.85.

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.