NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Providence Capital Advisors LLC

Providence Capital Advisors LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 26,329 shares of the semiconductor provider’s stock after purchasing an additional 215 shares during the period. Providence Capital Advisors LLC’s holdings in NXP Semiconductors were worth $5,473,000 at the end of the most recent quarter.

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

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on NXPI shares. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, 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. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $200.06 on Friday. 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 has a 52-week low of $196.95 and a 52-week high of $296.08. The company has a fifty day moving average of $215.18 and a 200-day moving average of $222.30. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s payout ratio is presently 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.