Sagespring Wealth Partners LLC Invests $1.43 Million in NXP Semiconductors (NASDAQ:NXPI)

Sagespring Wealth Partners LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,888 shares of the semiconductor provider’s stock, valued at approximately $1,432,000.

Several other institutional investors have also bought and sold shares of NXPI. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at $360,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth about $46,000. Austin Private Wealth LLC lifted its holdings in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in NXP Semiconductors by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after purchasing an additional 2,609 shares during the last quarter. Finally, Czech National Bank boosted its position in NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock worth $11,454,000 after purchasing an additional 3,216 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the 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 of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Needham & Company LLC decreased their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday. Finally, Susquehanna decreased their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $263.50.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $168.79 on Monday. The firm has a market capitalization of $42.81 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The business’s 50-day moving average price is $205.37 and its 200-day moving average price is $217.03.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was 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.