Avalon Trust Co Buys New Shares in NXP Semiconductors (NASDAQ:NXPI)

Avalon Trust Co purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 185 shares of the semiconductor provider’s stock, valued at approximately $42,000.

A number of other hedge funds also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in NXP Semiconductors by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock valued at $10,848,000 after acquiring an additional 5,471 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of NXP Semiconductors by 4.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,769 shares of the semiconductor provider’s stock worth $754,000 after purchasing an additional 155 shares during the period. Independent Advisor Alliance increased its position in NXP Semiconductors by 9.0% during the 3rd quarter. Independent Advisor Alliance now owns 3,941 shares of the semiconductor provider’s stock worth $788,000 after purchasing an additional 325 shares in the last quarter. JB Capital LLC raised its holdings in NXP Semiconductors by 190.6% in the third quarter. JB Capital LLC now owns 43,354 shares of the semiconductor provider’s stock valued at $8,667,000 after buying an additional 28,433 shares during the period. Finally, WealthShield Partners LLC lifted its position in NXP Semiconductors by 25.3% during the third quarter. WealthShield Partners LLC now owns 17,963 shares of the semiconductor provider’s stock valued at $3,609,000 after buying an additional 3,632 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NXPI shares. Oppenheimer raised their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC boosted their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial boosted their price target on NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Argus increased their price objective on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.72.

NXP Semiconductors Stock Up 1.4 %

NASDAQ NXPI traded up $3.59 on Friday, hitting $257.85. 2,513,186 shares of the stock traded hands, compared to its average volume of 2,493,474. The company has a market capitalization of $65.93 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The stock has a 50-day moving average of $242.96 and a 200 day moving average of $221.92. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, analysts expect that NXP Semiconductors will post 12.41 earnings per share for the current fiscal 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. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.