Arkadios Wealth Advisors Purchases New Shares in NXP Semiconductors (NASDAQ:NXPI)

Arkadios Wealth Advisors acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 845 shares of the semiconductor provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC boosted its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. Barclays boosted their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $275.00 to $285.00 in a research note on Monday, October 7th. Oppenheimer lifted their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. The Goldman Sachs Group dropped their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Truist Financial lowered their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $288.90.

NXP Semiconductors Stock Down 4.4 %

NXP Semiconductors stock opened at $234.50 on Friday. The company’s 50-day moving average price is $237.84 and its two-hundred day moving average price is $252.75. The stock has a market cap of $59.73 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 52 week low of $167.50 and a 52 week high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.73%. NXP Semiconductors’s payout ratio is 37.85%.

NXP Semiconductors 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.