NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,451 shares of the semiconductor provider’s stock after acquiring an additional 151 shares during the quarter. Midwest Professional Planners LTD.’s holdings in NXP Semiconductors were worth $1,341,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at $13,445,000. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $360,000. Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at $46,000. Banque Cantonale Vaudoise grew its holdings in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after buying an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC grew its holdings in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after buying an additional 1,869 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Needham & Company LLC lowered their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Susquehanna lowered their target price on 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 given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Down 1.7 %

NXPI stock opened at $201.02 on Friday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The firm has a market cap of $50.98 billion, a P/E ratio of 20.66, a P/E/G ratio of 3.01 and a beta of 1.47. The business’s 50 day moving average is $216.00 and its 200-day moving average is $224.99. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. NXP Semiconductors’s dividend payout ratio is currently 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.