Peterson Wealth Services Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Peterson Wealth Services boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,998 shares of the semiconductor provider’s stock after acquiring an additional 230 shares during the quarter. Peterson Wealth Services’ holdings in NXP Semiconductors were worth $415,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXPI. CWM LLC lifted its stake in shares of NXP Semiconductors by 14.8% in the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock valued at $1,211,000 after purchasing an additional 649 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of NXP Semiconductors by 2,095.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider’s stock valued at $1,317,000 after acquiring an additional 5,239 shares during the period. Affinity Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 11.8% during the 3rd quarter. Affinity Wealth Management LLC now owns 967 shares of the semiconductor provider’s stock worth $232,000 after acquiring an additional 102 shares in the last quarter. Harrell Investment Partners LLC grew its holdings in shares of NXP Semiconductors by 1.2% in the 3rd quarter. Harrell Investment Partners LLC now owns 13,868 shares of the semiconductor provider’s stock worth $3,328,000 after acquiring an additional 166 shares during the period. Finally, Occidental Asset Management LLC increased its stake in NXP Semiconductors by 6.0% in the 3rd quarter. Occidental Asset Management LLC now owns 7,396 shares of the semiconductor provider’s stock valued at $1,775,000 after purchasing an additional 417 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $210.05 on Tuesday. The company has a market cap of $53.39 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.64 and a beta of 1.46. The firm’s 50 day moving average is $213.89 and its two-hundred day moving average is $229.25. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The company also recently announced 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 dividend yield of 1.93%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.73%.

Analysts Set New Price Targets

Several analysts have weighed in on NXPI shares. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Oppenheimer lowered their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price target for the company from $200.00 to $210.00 in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their price objective on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

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.