Kraft Davis & Associates LLC Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Kraft Davis & Associates LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,127 shares of the semiconductor provider’s stock after purchasing an additional 74 shares during the period. Kraft Davis & Associates LLC’s holdings in NXP Semiconductors were worth $242,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at $26,000. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. BluePath Capital Management LLC bought a new position in NXP Semiconductors in the third quarter worth about $28,000. Live Oak Investment Partners purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $26,000. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of NXP Semiconductors during the second quarter valued at about $35,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NXPI. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial upped their target price on NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. 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. Susquehanna upped their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $4.23 during midday trading on Friday, reaching $215.12. 2,760,717 shares of the stock were exchanged, compared to its average volume of 1,784,716. 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 50-day simple moving average of $241.39 and a two-hundred day simple moving average of $218.52. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26. The firm has a market cap of $55.09 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.83 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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 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 analysts’ expectations of $3.40 billion. As a group, analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders 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 yield of 1.89%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

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.