NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,158 shares of the semiconductor provider’s stock after purchasing an additional 531 shares during the quarter. Dakota Wealth Management’s holdings in NXP Semiconductors were worth $1,280,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at $33,000. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Fortitude Family Office LLC grew its position in NXP Semiconductors by 52.4% during the 4th 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 period. Finally, Avior Wealth Management LLC raised its stake in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.8 %

Shares of NASDAQ NXPI opened at $219.88 on Friday. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08. The stock has a market cap of $55.88 billion, a PE ratio of 20.98, a P/E/G ratio of 3.24 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. The company has a 50-day moving average of $216.94 and a 200 day moving average of $234.94.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results 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 business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent research reports. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price objective for the company from $260.00 to $257.00 in a report on Friday, January 10th. Barclays decreased their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $270.85.

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.