RIA Advisory Group LLC Takes $249,000 Position in NXP Semiconductors (NASDAQ:NXPI)

RIA Advisory Group LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,085 shares of the semiconductor provider’s stock, valued at approximately $249,000.

A number of other large investors also recently modified their holdings of the business. IMPACTfolio LLC increased its holdings in shares of NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares during the period. Northwest Investment Counselors LLC increased its holdings in shares of NXP Semiconductors by 12.1% during the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock valued at $92,000 after purchasing an additional 50 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after purchasing an additional 50 shares during the period. Windsor Capital Management LLC increased its holdings in shares of NXP Semiconductors by 1.8% during the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after purchasing an additional 55 shares during the period. Finally, Central Bank & Trust Co. increased its holdings in shares of NXP Semiconductors by 1.2% during the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after purchasing an additional 55 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.9 %

NASDAQ NXPI traded down $4.23 during trading on Friday, reaching $215.12. 2,692,109 shares of the company’s stock were exchanged, compared to its average volume of 2,330,242. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The firm has a market capitalization of $55.09 billion, a PE ratio of 20.19, a P/E/G ratio of 0.86 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $241.76 and its 200-day simple moving average is $218.42.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sell-side analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.82%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. Truist Financial lifted their target price on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday. Evercore ISI initiated coverage on NXP Semiconductors in a report on Tuesday. They set an “outperform” rating and a $300.00 target price on the stock. Mizuho lifted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, TD Cowen lifted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned 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 $242.29.

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.