Berry Wealth Group LP Takes $449,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Berry Wealth Group LP acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,956 shares of the semiconductor provider’s stock, valued at approximately $449,000.

Other hedge funds have also recently modified their holdings of the company. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at about $26,000. BluePath Capital Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $28,000. Valley National Advisers Inc. boosted its position 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 buying an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its position in NXP Semiconductors by 100.0% in the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. Finally, Atticus Wealth Management LLC boosted its position in NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $255.33.

NXP Semiconductors Trading Down 3.4 %

Shares of NXPI traded down $8.78 during midday trading on Wednesday, reaching $247.41. The company had a trading volume of 1,238,355 shares, compared to its average volume of 2,372,083. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26. The stock has a market cap of $63.36 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. The firm has a 50 day simple moving average of $242.00 and a 200-day simple moving average of $220.72. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.32% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Research analysts forecast that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

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.