Prestige Wealth Management Group LLC Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Prestige Wealth Management Group LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 493 shares of the semiconductor provider’s stock after purchasing an additional 89 shares during the period. Prestige Wealth Management Group LLC’s holdings in NXP Semiconductors were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EFG Asset Management North America Corp. increased its holdings in NXP Semiconductors by 8.9% in the 4th quarter. EFG Asset Management North America Corp. now owns 9,000 shares of the semiconductor provider’s stock worth $1,871,000 after acquiring an additional 737 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of NXP Semiconductors by 128.5% during the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 34,500 shares of the semiconductor provider’s stock worth $7,171,000 after purchasing an additional 19,400 shares in the last quarter. Sound Shore Management Inc. CT raised its position in shares of NXP Semiconductors by 66.7% during the 4th quarter. Sound Shore Management Inc. CT now owns 433,328 shares of the semiconductor provider’s stock worth $90,067,000 after purchasing an additional 173,360 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in NXP Semiconductors by 2.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 75,280 shares of the semiconductor provider’s stock valued at $15,647,000 after buying an additional 2,080 shares in the last quarter. Finally, FCA Corp TX boosted its holdings in NXP Semiconductors by 0.9% in the 4th quarter. FCA Corp TX now owns 12,083 shares of the semiconductor provider’s stock worth $2,511,000 after buying an additional 107 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 0.1 %

Shares of NASDAQ NXPI opened at $211.33 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $53.60 billion, a PE ratio of 21.72, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $196.95 and a twelve month high of $296.08. The stock has a fifty day simple moving average of $215.56 and a 200-day simple moving average of $222.57.

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 $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Mizuho increased 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. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target 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. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.