Paradigm Financial Partners LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Paradigm Financial Partners LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,199 shares of the semiconductor provider’s stock after acquiring an additional 1,049 shares during the period. Paradigm Financial Partners LLC’s holdings in NXP Semiconductors were worth $2,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in shares of NXP Semiconductors by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 102,233 shares of the semiconductor provider’s stock worth $20,438,000 after acquiring an additional 971 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in NXP Semiconductors during the third quarter worth $471,000. Manning & Napier Group LLC grew its position in NXP Semiconductors by 1.3% during the third quarter. Manning & Napier Group LLC now owns 17,307 shares of the semiconductor provider’s stock valued at $3,460,000 after buying an additional 228 shares during the period. Bremer Bank National Association raised its position in shares of NXP Semiconductors by 8.6% in the third quarter. Bremer Bank National Association now owns 18,709 shares of the semiconductor provider’s stock worth $3,740,000 after acquiring an additional 1,484 shares during the period. Finally, My Legacy Advisors LLC grew its holdings in NXP Semiconductors by 11.7% in the third quarter. My Legacy Advisors LLC now owns 4,972 shares of the semiconductor provider’s stock valued at $934,000 after purchasing an additional 521 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NXPI shares. Cantor Fitzgerald lifted their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Mizuho upped their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer upped their price target on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Truist Financial boosted their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded up $4.62 during trading on Friday, hitting $242.70. 2,059,388 shares of the company were exchanged, compared to its average volume of 2,041,337. The firm’s fifty day moving average price is $241.20 and its 200 day moving average price is $219.86. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.92 and a beta of 1.59. 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.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. On average, sell-side analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

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.