NXP Semiconductors (NASDAQ:NXPI) Holdings Increased by Inspire Advisors LLC

Inspire Advisors LLC grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,562 shares of the semiconductor provider’s stock after acquiring an additional 345 shares during the period. Inspire Advisors LLC’s holdings in NXP Semiconductors were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ascent Group LLC raised its position in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after buying an additional 48 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after buying an additional 51 shares in the last quarter. Private Trust Co. NA raised its position in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after buying an additional 53 shares in the last quarter. Finally, Trustmark National Bank Trust Department raised its position in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock worth $221,000 after buying an additional 59 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXPI stock opened at $205.80 on Wednesday. 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 stock has a market cap of $52.19 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.01 and a beta of 1.47. The firm has a 50 day simple moving average of $216.17 and a 200 day simple moving average of $225.30. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $267.00.

About NXP Semiconductors

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.