Valeo Financial Advisors LLC Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Valeo Financial Advisors LLC lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,677 shares of the semiconductor provider’s stock after selling 164 shares during the period. Valeo Financial Advisors LLC’s holdings in NXP Semiconductors were worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Wealth Partners LLC raised its position in 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. Sound Income Strategies LLC grew its stake in shares of 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 acquiring an additional 88 shares during the period. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Brooklyn Investment Group lifted its position in NXP Semiconductors by 69.5% during the fourth 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 boosted its holdings 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 purchasing an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Stifel Nicolaus dropped their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Stock Performance

NXPI opened at $224.14 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. The company has a fifty day moving average of $213.16 and a 200 day moving average of $228.34. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

NXP Semiconductors Dividend Announcement

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

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.