9,645 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,645 shares of the semiconductor provider’s stock, valued at approximately $2,005,000.

Several other institutional investors also recently modified their holdings of the stock. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter worth approximately $32,000. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth approximately $33,000. Finally, 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 buying an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $200.64 on Friday. The stock has a fifty day moving average of $215.46 and a 200 day moving average of $223.06. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.02%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Analyst Ratings Changes

NXPI has been the subject of several research reports. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Company 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.