Meridian Wealth Advisors LLC Has $2.93 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Meridian Wealth Advisors LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1,030.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,084 shares of the semiconductor provider’s stock after buying an additional 12,838 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $2,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC grew its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $33,000. Sound Income Strategies LLC raised its holdings in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.0 %

Shares of NXPI stock opened at $200.64 on Friday. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08. The stock has a market cap of $50.89 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.01 and a beta of 1.47. 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 firm has a fifty day moving average of $215.46 and a 200-day moving average of $222.97.

NXP Semiconductors Dividend Announcement

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

Insider Transactions at NXP Semiconductors

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXPI. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $267.00.

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.