MV Capital Management Inc. Buys 66 Shares of NXP Semiconductors (NASDAQ:NXPI)

MV Capital Management Inc. grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 699 shares of the semiconductor provider’s stock after acquiring an additional 66 shares during the quarter. MV Capital Management Inc.’s holdings in NXP Semiconductors were worth $145,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NXPI. ORG Wealth Partners LLC boosted its position 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 acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of 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 acquiring an additional 88 shares during the period. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter valued at about $33,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NXPI has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Buying and Selling

In other NXP Semiconductors 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 owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Down 5.0 %

Shares of NASDAQ NXPI opened at $189.99 on Friday. NXP Semiconductors has a 52 week low of $188.85 and a 52 week high of $296.08. The stock’s fifty day moving average is $214.68 and its 200 day moving average is $222.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $48.19 billion, a P/E ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) 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.