Congress Wealth Management LLC DE Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Congress Wealth Management LLC DE grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,280 shares of the semiconductor provider’s stock after buying an additional 2,080 shares during the period. Congress Wealth Management LLC DE’s holdings in NXP Semiconductors were worth $15,647,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ascent Group LLC boosted its position in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares during the last quarter. Central Bank & Trust Co. lifted its stake in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after purchasing an additional 51 shares during the last quarter. Private Trust Co. NA grew its position in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the period. Finally, J. W. Coons Advisors LLC increased its stake in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after purchasing an additional 60 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $211.12 on Tuesday. The firm has a fifty day moving average of $215.54 and a two-hundred day moving average of $222.68. The firm has a market cap of $53.54 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho increased their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Barclays cut their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors 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.