CreativeOne Wealth LLC Takes $243,000 Position in NXP Semiconductors (NASDAQ:NXPI)

CreativeOne Wealth LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,056 shares of the semiconductor provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in NXP Semiconductors by 0.4% during the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after buying an additional 91,453 shares during the period. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $762,077,000. Ameriprise Financial Inc. boosted its stake in NXP Semiconductors by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares during the period. Morgan Stanley grew its position in NXP Semiconductors by 5.8% during the 3rd quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after purchasing an additional 119,183 shares in the last quarter. Finally, Northern Trust Corp raised its stake in NXP Semiconductors by 10.9% during the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after purchasing an additional 211,927 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 1.6 %

NASDAQ:NXPI opened at $277.17 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $248.36 and a two-hundred day moving average price of $230.87. NXP Semiconductors has a 1 year low of $163.26 and a 1 year high of $280.77. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.59 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, equities analysts expect that NXP Semiconductors will post 12.46 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen increased their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Cantor Fitzgerald upped their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $265.00 to $325.00 in a research note on Friday. Finally, Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $267.80.

About NXP Semiconductors

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.