NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,682 shares of the semiconductor provider’s stock after buying an additional 5,055 shares during the period. Pacer Advisors Inc.’s holdings in NXP Semiconductors were worth $7,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% during 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 during the last quarter. Sound Income Strategies LLC increased 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 purchasing an additional 88 shares during the period. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at $33,000. Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of NXP Semiconductors by 52.4% during the fourth 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 period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.2 %

NXPI stock opened at $213.01 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company’s 50 day simple moving average is $216.55 and its 200-day simple moving average is $232.88. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The firm has a market capitalization of $54.14 billion, a PE ratio of 20.33, a P/E/G ratio of 3.25 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 earnings per share. Equities analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analyst Weigh In

Several analysts have commented on NXPI shares. Truist Financial reduced their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

Read Our Latest Analysis on NXPI

About NXP Semiconductors

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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