Moors & Cabot Inc. Invests $282,000 in NXP Semiconductors (NASDAQ:NXPI)

Moors & Cabot Inc. purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,359 shares of the semiconductor provider’s stock, valued at approximately $282,000.

Several other hedge funds also recently modified their holdings of NXPI. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its holdings 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 worth $29,000 after buying an additional 88 shares during the period. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $32,000. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $33,000. Finally, Brooklyn Investment Group boosted its holdings in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment 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, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $206.16 on Monday. The company has a 50-day moving average of $215.95 and a 200-day moving average of $224.33. The company has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

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.