Proficio Capital Partners LLC Buys New Position in NXP Semiconductors (NASDAQ:NXPI)

Proficio Capital Partners LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, Holdings Channel reports. The fund purchased 18,914 shares of the semiconductor provider’s stock, valued at approximately $3,931,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new position in NXP Semiconductors during the third quarter valued at $13,445,000. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $360,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $46,000. Banque Cantonale Vaudoise increased its holdings in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC raised its stake in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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 target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company started coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, Barclays cut their price objective 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. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Up 1.8 %

Shares of NASDAQ:NXPI opened at $209.83 on Tuesday. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $215.88 and a 200 day moving average price of $224.05.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.