Orion Portfolio Solutions LLC Has $4.75 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Orion Portfolio Solutions LLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,843 shares of the semiconductor provider’s stock after selling 3,062 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NXP Semiconductors were worth $4,748,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its position in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after purchasing an additional 500,413 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at $3,826,000. Providence Capital Advisors LLC increased its holdings in NXP Semiconductors by 0.8% during the fourth quarter. Providence Capital Advisors LLC now owns 26,329 shares of the semiconductor provider’s stock worth $5,473,000 after buying an additional 215 shares during the last quarter. Norges Bank bought a new stake in NXP Semiconductors during the fourth quarter worth $672,224,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in NXP Semiconductors by 11.8% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 28,400 shares of the semiconductor provider’s stock valued at $5,903,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred 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. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NXPI. 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 target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Needham & Company LLC decreased their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $189.99 on Monday. The stock’s fifty day moving average price is $214.68 and its two-hundred day moving average price is $221.93. The firm has a market cap of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 has a one year low of $188.85 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared 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. This represents a $4.06 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 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.