NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Consolidated Planning Corp

Consolidated Planning Corp grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,629 shares of the semiconductor provider’s stock after purchasing an additional 549 shares during the quarter. Consolidated Planning Corp’s holdings in NXP Semiconductors were worth $2,212,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NXPI. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth about $26,000. BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth about $28,000. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in shares of 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 buying an additional 100 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $4.62 during midday trading on Friday, reaching $242.70. 2,059,388 shares of the company traded hands, compared to its average volume of 2,041,337. The firm’s 50 day simple moving average is $241.20 and its two-hundred day simple moving average is $219.73. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The firm has a market cap of $62.16 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

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 analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. On average, equities research analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s payout ratio is 37.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NXPI shares. Oppenheimer raised their price target on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. TD Cowen raised their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. Wolfe Research raised NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Finally, Mizuho raised their price target on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

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.