Congress Wealth Management LLC DE Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Congress Wealth Management LLC DE grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,280 shares of the semiconductor provider’s stock after purchasing an additional 2,080 shares during the quarter. Congress Wealth Management LLC DE’s holdings in NXP Semiconductors were worth $15,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. Sound Income Strategies LLC grew its position 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 worth $29,000 after acquiring an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Finally, Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $211.12 on Tuesday. The firm has a 50 day moving average of $215.54 and a 200-day moving average of $222.68. The company has a market cap of $53.54 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.47. 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 has a 12-month low of $196.95 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s payout ratio is 41.62%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. 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. Finally, Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.