NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,938 shares of the semiconductor provider’s stock after acquiring an additional 154 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in NXP Semiconductors were worth $675,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NXPI. Operose Advisors LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $26,000. Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth $28,000. Avalon Trust Co acquired a new position in NXP Semiconductors in the 4th quarter valued at about $42,000. Finally, Paradigm Asset Management Co. LLC increased its stake in NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after purchasing an additional 100 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $1.51 during mid-day trading on Monday, hitting $259.36. The stock had a trading volume of 593,814 shares, compared to its average volume of 2,379,937. The firm has a market cap of $66.31 billion, a PE ratio of 24.15, a PEG ratio of 0.94 and a beta of 1.54. The company’s 50-day simple moving average is $242.96 and its 200-day simple moving average is $221.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts anticipate that NXP Semiconductors will post 12.41 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Evercore ISI raised their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Argus lifted their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.72.

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.