NEOS Investment Management LLC Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

NEOS Investment Management LLC grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 24.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,363 shares of the semiconductor provider’s stock after buying an additional 6,288 shares during the quarter. NEOS Investment Management LLC’s holdings in NXP Semiconductors were worth $6,727,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC increased 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 valued at $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth about $33,000. Sound Income Strategies LLC increased its position in shares of NXP Semiconductors by 169.2% during 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. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, Smithfield Trust Co bought a new stake in NXP Semiconductors in the 4th quarter worth approximately $32,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ:NXPI opened at $200.06 on Friday. The firm has a market capitalization of $50.74 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. 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 stock has a 50 day moving average price of $215.18 and a 200-day moving average price of $222.30. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08.

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 is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.03%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. 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 an average rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

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.