Truvestments Capital LLC Has $2.73 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Truvestments Capital LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,149 shares of the semiconductor provider’s stock after acquiring an additional 1,010 shares during the period. Truvestments Capital LLC’s holdings in NXP Semiconductors were worth $2,733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its position in shares of NXP Semiconductors by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 102,127 shares of the semiconductor provider’s stock valued at $21,227,000 after buying an additional 5,517 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of NXP Semiconductors by 3.9% in the fourth quarter. HighTower Advisors LLC now owns 200,289 shares of the semiconductor provider’s stock valued at $41,630,000 after buying an additional 7,605 shares during the period. Moors & Cabot Inc. bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $282,000. Natural Investments LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $308,000. Finally, Wealthfront Advisers LLC purchased a new position in NXP Semiconductors during the fourth quarter worth about $317,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays cut their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 1.5 %

NXPI opened at $205.80 on Wednesday. The business has a 50 day simple moving average of $216.17 and a two-hundred day simple moving average of $225.30. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.01 and a beta of 1.47. 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 one year low of $198.21 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

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

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.