Csenge Advisory Group Sells 154 Shares of NXP Semiconductors (NASDAQ:NXPI)

Csenge Advisory Group decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,867 shares of the semiconductor provider’s stock after selling 154 shares during the quarter. Csenge Advisory Group’s holdings in NXP Semiconductors were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the fourth quarter worth $46,000. Allworth Financial LP grew its holdings in NXP Semiconductors by 150.8% during the 4th quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock worth $771,000 after acquiring an additional 2,144 shares during the period. Principal Securities Inc. raised its position in shares of NXP Semiconductors by 8.7% in the 4th quarter. Principal Securities Inc. now owns 4,179 shares of the semiconductor provider’s stock worth $869,000 after acquiring an additional 334 shares in the last quarter. Seascape Capital Management lifted its stake in shares of NXP Semiconductors by 2.2% in the 4th quarter. Seascape Capital Management now owns 14,752 shares of the semiconductor provider’s stock valued at $3,066,000 after purchasing an additional 319 shares during the period. Finally, Congress Asset Management Co. boosted its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider’s stock valued at $108,825,000 after purchasing an additional 1,581 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $228.86 on Wednesday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market capitalization of $58.17 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 2.64 and a beta of 1.46. The firm’s fifty day moving average price is $213.17 and its two-hundred day moving average price is $227.79.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NXPI. Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.75.

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.