NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,329 shares of the semiconductor provider’s stock after purchasing an additional 215 shares during the period. Providence Capital Advisors LLC’s holdings in NXP Semiconductors were worth $5,473,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its holdings in NXP Semiconductors by 26.1% in the third quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock valued at $483,000 after purchasing an additional 416 shares during the period. Larson Financial Group LLC raised its stake in shares of NXP Semiconductors by 213.8% in the 3rd quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock valued at $218,000 after purchasing an additional 618 shares in the last quarter. Private Trust Co. NA lifted its position in shares of NXP Semiconductors by 12.5% in the 3rd quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock worth $220,000 after buying an additional 102 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of NXP Semiconductors by 15.1% in the 3rd quarter. Avestar Capital LLC now owns 1,373 shares of the semiconductor provider’s stock worth $330,000 after purchasing an additional 180 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in NXP Semiconductors by 26.0% in the third quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock valued at $1,127,000 after buying an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” 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 lifted their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Barclays cut their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $267.00.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $200.06 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $50.74 billion, a PE ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a 50 day moving average price of $215.18 and a 200-day moving average price of $222.30. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

NXP Semiconductors 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.