Prossimo Advisors LLC Has $564,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Prossimo Advisors LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,712 shares of the semiconductor provider’s stock after selling 402 shares during the period. Prossimo Advisors LLC’s holdings in NXP Semiconductors were worth $564,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GDS Wealth Management boosted its position in NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $360,000. Banque Cantonale Vaudoise raised its holdings in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $46,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Susquehanna dropped their target price on shares of 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 downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.75.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $228.86 on Wednesday. The company has a market capitalization of $58.17 billion, a PE ratio of 23.52, a PEG ratio of 2.75 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 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. The stock’s fifty day simple moving average is $213.39 and its 200 day simple moving average is $227.73.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 41.73%.

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.