Sciencast Management LP Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Sciencast Management LP bought a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,426 shares of the semiconductor provider’s stock, valued at approximately $1,543,000.

A number of other large investors have also added to or reduced their stakes in NXPI. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at about $33,000. Sound Income Strategies LLC increased its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Down 1.0 %

Shares of NASDAQ:NXPI opened at $200.64 on Friday. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth 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. The business’s 50 day moving average price is $215.46 and its 200-day moving average price is $222.97.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Four 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 has an average rating of “Moderate Buy” and an average target price of $267.00.

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.