Patriot Financial Group Insurance Agency LLC Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Patriot Financial Group Insurance Agency LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,056 shares of the semiconductor provider’s stock after purchasing an additional 346 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in NXP Semiconductors were worth $635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC raised its stake 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 during the last quarter. Brooklyn Investment Group boosted 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 worth $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $213.43 on Wednesday. The company has a market capitalization of $54.25 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08. The company’s 50-day moving average is $216.68 and its 200 day moving average is $233.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Evercore ISI decreased their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $270.85.

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.