Atria Wealth Solutions Inc. Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Atria Wealth Solutions Inc. raised its position in NXP Semiconductors (NASDAQ:NXPI) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,174 shares of the semiconductor provider’s stock after purchasing an additional 821 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NXP Semiconductors were worth $2,111,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NXPI. Manning & Napier Group LLC increased its position in shares of NXP Semiconductors by 1.3% during the 3rd quarter. Manning & Napier Group LLC now owns 17,307 shares of the semiconductor provider’s stock worth $3,460,000 after purchasing an additional 228 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of NXP Semiconductors by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock valued at $10,848,000 after acquiring an additional 5,471 shares during the last quarter. Colton Groome Financial Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $670,000. Aua Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 25.3% in the 3rd quarter. Aua Capital Management LLC now owns 2,100 shares of the semiconductor provider’s stock worth $420,000 after acquiring an additional 424 shares during the last quarter. Finally, Palouse Capital Management Inc. boosted its position in shares of NXP Semiconductors by 0.8% during the 3rd quarter. Palouse Capital Management Inc. now owns 11,839 shares of the semiconductor provider’s stock worth $2,367,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $247.13 on Tuesday. The business has a 50 day moving average price of $241.50 and a 200 day moving average price of $220.29. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The stock has a market cap of $63.29 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. Equities research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Evercore ISI started coverage on shares of NXP Semiconductors in a research note on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price target on the stock. Cantor Fitzgerald raised their price objective on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

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.