NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 66.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 433,328 shares of the semiconductor provider’s stock after purchasing an additional 173,360 shares during the period. NXP Semiconductors comprises 3.0% of Sound Shore Management Inc. CT’s holdings, making the stock its 9th largest holding. Sound Shore Management Inc. CT’s holdings in NXP Semiconductors were worth $90,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the fourth 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 period. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% during the 4th 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 period. Smithfield Trust Co acquired a new position in NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors in the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NXPI shares. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Truist Financial increased their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Finally, Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $200.64 on Monday. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, 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. The business’s 50-day moving average price is $215.46 and its 200-day moving average price is $222.86. NXP Semiconductors has a 12 month low of $196.95 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.02%. NXP Semiconductors’s dividend payout ratio is presently 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 shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

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.