Berry Wealth Group LP Invests $449,000 in NXP Semiconductors (NASDAQ:NXPI)

Berry Wealth Group LP bought a new position in NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, HoldingsChannel reports. The fund bought 1,956 shares of the semiconductor provider’s stock, valued at approximately $449,000.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after purchasing an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after purchasing an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after purchasing an additional 34,131 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in NXP Semiconductors by 15.2% during the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock valued at $26,641,000 after acquiring an additional 15,283 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group lifted their target price on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley lifted their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. Finally, TD Cowen lifted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.33.

NXP Semiconductors Price Performance

NXPI traded down $8.78 during trading on Wednesday, hitting $247.41. 1,238,355 shares of the stock traded hands, compared to its average volume of 2,372,083. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The company has a market cap of $63.36 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.94 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The business has a 50 day moving average price of $242.00 and a 200 day moving average price of $220.72.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Equities research analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.64%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

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.