Harvest Fund Management Co. Ltd Acquires 3,224 Shares of NXP Semiconductors (NASDAQ:NXPI)

Harvest Fund Management Co. Ltd lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,958 shares of the semiconductor provider’s stock after buying an additional 3,224 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $2,992,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NXPI. ORG Wealth Partners LLC raised its holdings 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 last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth about $33,000. Finally, Brooklyn Investment Group increased its position in NXP Semiconductors by 69.5% in 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. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NXPI. Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC lowered their price target 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. Finally, JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

Shares of NXPI opened at $207.10 on Wednesday. The stock has a market capitalization of $52.52 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a 50 day moving average of $215.77 and a 200-day moving average of $223.71. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid 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 dividend yield of 1.96%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

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.