Ground Swell Capital LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 4,944 shares of the semiconductor provider’s stock, valued at approximately $1,073,000. NXP Semiconductors makes up approximately 2.2% of Ground Swell Capital LLC’s investment portfolio, making the stock its 3rd largest position.
Several other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $26,000. CNB Bank purchased a new position in shares of NXP Semiconductors in the third quarter valued at $28,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors in the third quarter valued at $31,000. Kelleher Financial Advisors bought a new stake in NXP Semiconductors in the third quarter worth $31,000. Finally, Community Bank N.A. purchased a new stake in NXP Semiconductors during the third quarter valued at $37,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
NXPI stock opened at $294.23 on Wednesday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $306.62. The firm has a market cap of $74.28 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.11 and a beta of 1.77. The business’s fifty day simple moving average is $220.36 and its two-hundred day simple moving average is $221.56. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.76%.
Wall Street Analysts Forecast Growth
NXPI has been the subject of a number of recent research reports. Sanford C. Bernstein lifted their price objective on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Truist Financial boosted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Mizuho lifted their target price on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $291.75.
Read Our Latest Research Report on NXP Semiconductors
Insider Activity
In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. Corporate insiders own 0.12% of the company’s stock.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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