Fifth Third Wealth Advisors LLC Acquires 631 Shares of NXP Semiconductors (NASDAQ:NXPI)

Fifth Third Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,563 shares of the semiconductor provider’s stock after acquiring an additional 631 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. ORG Wealth Partners LLC raised its stake in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter worth about $33,000. Fortitude Family Office LLC raised its position in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 shares during the period. Avior Wealth Management LLC boosted its stake in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after acquiring an additional 142 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of NXP Semiconductors during the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NXPI. Needham & Company LLC dropped their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer dropped their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial cut their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Finally, UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $273.19.

NXP Semiconductors Stock Down 1.3 %

NXPI stock opened at $210.76 on Friday. The company’s 50 day moving average is $218.39 and its 200 day moving average is $236.92. The stock has a market cap of $53.57 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company posted $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

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.