RIA Advisory Group LLC Invests $249,000 in NXP Semiconductors (NASDAQ:NXPI)

RIA Advisory Group LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,085 shares of the semiconductor provider’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. Cibc World Market Inc. raised its position in shares of NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock worth $5,443,000 after acquiring an additional 1,732 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in NXP Semiconductors by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after buying an additional 21,672 shares during the last quarter. Cetera Investment Advisers lifted its stake in NXP Semiconductors by 5.4% in the first quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after buying an additional 325 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in NXP Semiconductors by 21.0% in the first quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after buying an additional 417 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after buying an additional 210,979 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock traded down $4.23 on Friday, reaching $215.12. 2,692,109 shares of the company’s stock were exchanged, compared to its average volume of 2,330,242. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The firm has a market cap of $55.09 billion, a PE ratio of 20.19, a P/E/G ratio of 0.86 and a beta of 1.59. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26. The stock has a fifty day moving average of $241.76 and a 200-day moving average of $218.42.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.04. The company 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 38.94% and a net margin of 21.07%. As a group, equities analysts predict that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.82%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Evercore ISI assumed coverage on NXP Semiconductors in a research note on Tuesday. They issued an “outperform” rating and a $300.00 price objective for the company. Truist Financial boosted their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Susquehanna boosted their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Mizuho upped their price target on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

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.