Kestra Private Wealth Services LLC Grows Stake in NXP Semiconductors (NASDAQ:NXPI)

Kestra Private Wealth Services LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,671 shares of the semiconductor provider’s stock after purchasing an additional 1,533 shares during the period. Kestra Private Wealth Services LLC’s holdings in NXP Semiconductors were worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares during the period. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after buying an additional 724,951 shares during the period. International Assets Investment Management LLC boosted its holdings in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after acquiring an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after acquiring an additional 511,553 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $210.97 on Wednesday. The company has a market cap of $53.62 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $213.42 and its 200-day moving average price is $228.99. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Susquehanna cut their price target 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. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Citigroup upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $200.00 to $210.00 in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

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.