Kingsview Wealth Management LLC Sells 272 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kingsview Wealth Management LLC lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,739 shares of the semiconductor provider’s stock after selling 272 shares during the period. Kingsview Wealth Management LLC’s holdings in NXP Semiconductors were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NXPI. Vest Financial LLC lifted its stake in shares of NXP Semiconductors by 50.4% in the 4th quarter. Vest Financial LLC now owns 3,806 shares of the semiconductor provider’s stock valued at $791,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC acquired a new position in NXP Semiconductors in the fourth quarter valued at approximately $329,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in NXP Semiconductors by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,021 shares of the semiconductor provider’s stock valued at $5,824,000 after buying an additional 496 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of NXP Semiconductors by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 916,677 shares of the semiconductor provider’s stock worth $190,531,000 after buying an additional 8,153 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NXPI shares. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $231.00 to $257.00 in a research report on Wednesday. Susquehanna dropped their price target 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. Finally, Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Stock Down 0.1 %

Shares of NASDAQ:NXPI opened at $219.59 on Friday. The company has a market capitalization of $55.81 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a fifty day moving average price of $213.00 and a two-hundred day moving average price of $228.62.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.73%.

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.