Patriot Financial Group Insurance Agency LLC Buys 346 Shares of NXP Semiconductors (NASDAQ:NXPI)

Patriot Financial Group Insurance Agency LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPIFree Report) by 12.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,056 shares of the semiconductor provider’s stock after acquiring an additional 346 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in NXP Semiconductors were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new position in NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its position in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 0.8 %

NXPI opened at $213.43 on Wednesday. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a 50-day simple moving average of $216.68 and a two-hundred day simple moving average of $233.35. The company has a market capitalization of $54.25 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating 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 analyst estimates of $3.25 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. Analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Truist Financial cut their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lowered their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC reduced their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $270.85.

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About NXP Semiconductors

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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