LPL Financial LLC Buys 17,736 Shares of NXP Semiconductors (NASDAQ:NXPI)

LPL Financial LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,394 shares of the semiconductor provider’s stock after purchasing an additional 17,736 shares during the period. LPL Financial LLC owned approximately 0.09% of NXP Semiconductors worth $45,393,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $18,411,000. Sei Investments Co. increased its holdings in NXP Semiconductors by 5.3% during the fourth quarter. Sei Investments Co. now owns 80,428 shares of the semiconductor provider’s stock valued at $16,717,000 after buying an additional 4,066 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the fourth quarter worth approximately $32,000. Mizuho Securities USA LLC boosted its stake in shares of NXP Semiconductors by 45.8% during the 4th quarter. Mizuho Securities USA LLC now owns 24,088 shares of the semiconductor provider’s stock worth $5,007,000 after acquiring an additional 7,570 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $1,392,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, 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 can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC cut their price objective 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. Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ:NXPI opened at $200.06 on Friday. The firm has a market capitalization of $50.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business has a 50 day simple moving average of $215.18 and a two-hundred day simple moving average of $222.30. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

NXP Semiconductors 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.