NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 470 shares of the semiconductor provider’s stock after selling 198 shares during the period. Newbridge Financial Services Group Inc.’s holdings in NXP Semiconductors were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $33,000. Brooklyn Investment Group grew its holdings in shares of 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 last quarter. Finally, Fortitude Family Office LLC grew its stake in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXPI. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial dropped their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $210.05 on Tuesday. The firm has a market cap of $53.39 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $213.89 and a 200-day moving average of $229.25.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. 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 is presently 41.73%.

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.