Avidian Wealth Enterprises LLC Buys 92 Shares of NXP Semiconductors (NASDAQ:NXPI)

Avidian Wealth Enterprises LLC boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,167 shares of the semiconductor provider’s stock after acquiring an additional 92 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in NXP Semiconductors were worth $658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Wealth Partners LLC raised its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter worth $33,000. Brooklyn Investment Group boosted its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 4.2 %

Shares of NASDAQ:NXPI opened at $219.79 on Thursday. The company has a 50 day moving average price of $213.08 and a two-hundred day moving average price of $228.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $55.86 billion, a PE ratio of 22.59, a PEG ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 41.73%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research reports. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $231.00 to $257.00 in a research report on Wednesday. Truist Financial reduced their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup raised NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $200.00 to $210.00 in a report on Wednesday, February 5th. Finally, Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.45.

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.