New Age Alpha Advisors LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

New Age Alpha Advisors LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,406 shares of the semiconductor provider’s stock, valued at approximately $3,826,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% in 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 NXP Semiconductors during the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth approximately $33,000. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 5.0 %

NASDAQ:NXPI opened at $189.99 on Friday. The company’s 50 day moving average is $214.68 and its two-hundred day moving average is $222.01. The company has a market cap of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $188.85 and a twelve 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.

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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus lowered their target price 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 research note on Tuesday, February 4th. Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $267.00.

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.