NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,372 shares of the semiconductor provider’s stock after purchasing an additional 151 shares during the quarter. Legacy Wealth Management LLC MS’s holdings in NXP Semiconductors were worth $493,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NXPI. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $33,000. Valley Wealth Managers Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $48,000. Avior Wealth Management LLC lifted its position in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in NXP Semiconductors in the 2nd quarter valued at $54,000. Finally, GHP Investment Advisors Inc. purchased a new stake in NXP Semiconductors in the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.9 %

Shares of NXPI stock traded up $5.99 on Monday, reaching $214.85. 320,418 shares of the stock were exchanged, compared to its average volume of 1,299,042. The company has a market capitalization of $54.61 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 4.37 and a beta of 1.47. The business’s 50 day moving average price is $223.05 and its 200 day moving average price is $239.94. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.89%. NXP Semiconductors’s dividend payout ratio is presently 38.65%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research analyst reports. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price on the stock. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays decreased their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley dropped their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

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.