Parallel Advisors LLC Increases Stake in NXP Semiconductors (NASDAQ:NXPI)

Parallel Advisors LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,740 shares of the semiconductor provider’s stock after buying an additional 74 shares during the quarter. Parallel Advisors LLC’s holdings in NXP Semiconductors were worth $362,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $13,445,000. Merit Financial Group LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $46,000. Austin Private Wealth LLC raised its holdings in NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $200.64 on Friday. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. The company has a 50-day simple moving average of $215.46 and a 200-day simple moving average of $223.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NXPI. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Finally, Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

NXP Semiconductors Company 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.