Vest Financial LLC Acquires 1,276 Shares of NXP Semiconductors (NASDAQ:NXPI)

Vest Financial LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 50.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,806 shares of the semiconductor provider’s stock after acquiring an additional 1,276 shares during the quarter. Vest Financial LLC’s holdings in NXP Semiconductors were worth $791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ORG Wealth Partners LLC raised its stake in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC increased its holdings in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares during the last quarter. FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth about $33,000. Brooklyn Investment Group boosted its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NXPI shares. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Morgan Stanley dropped their price target on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. Susquehanna dropped their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $212.93 on Monday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a fifty day moving average of $213.89 and a 200-day moving average of $229.42. The company has a market capitalization of $54.12 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

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.