Independent Advisor Alliance Purchases 1,384 Shares of NXP Semiconductors (NASDAQ:NXPI)

Independent Advisor Alliance grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,314 shares of the semiconductor provider’s stock after acquiring an additional 1,384 shares during the quarter. Independent Advisor Alliance’s holdings in NXP Semiconductors were worth $1,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NXPI. Johnson Investment Counsel Inc. boosted its position in NXP Semiconductors by 2.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider’s stock valued at $720,000 after buying an additional 70 shares during the period. First Pacific Advisors LP boosted its holdings in NXP Semiconductors by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 783,232 shares of the semiconductor provider’s stock valued at $162,795,000 after acquiring an additional 4,726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NXP Semiconductors by 23.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,395 shares of the semiconductor provider’s stock worth $29,597,000 after purchasing an additional 26,659 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in NXP Semiconductors by 26.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 4,845 shares of the semiconductor provider’s stock valued at $1,007,000 after purchasing an additional 1,018 shares during the last quarter. Finally, United Community Bank boosted its stake in shares of NXP Semiconductors by 32.8% during the fourth quarter. United Community Bank now owns 506 shares of the semiconductor provider’s stock valued at $105,000 after purchasing an additional 125 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 2.6 %

NXP Semiconductors stock opened at $206.16 on Friday. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business’s fifty day simple moving average is $215.95 and its two-hundred day simple moving average is $224.68. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NXPI. Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Wells Fargo & Company started coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently 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.