Nova R Wealth Inc. Sells 82 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nova R Wealth Inc. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,956 shares of the semiconductor provider’s stock after selling 82 shares during the quarter. NXP Semiconductors accounts for about 1.0% of Nova R Wealth Inc.’s portfolio, making the stock its 21st largest position. Nova R Wealth Inc.’s holdings in NXP Semiconductors were worth $2,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of NXP Semiconductors by 169.2% in the 4th 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 last quarter. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Brooklyn Investment Group boosted its stake in shares of NXP Semiconductors by 69.5% in the 4th 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 boosted its stake in shares of NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.1 %

Shares of NXPI opened at $219.59 on Friday. The firm’s 50 day simple moving average is $213.00 and its 200 day simple moving average is $228.62. The company has a market capitalization of $55.81 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 1.85%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXPI shares. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their target price for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upgraded 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. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $264.45.

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.