SVB Wealth LLC Has $536,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Posted by Defense World Staff on Feb 15th, 2023

SVB Wealth LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 31.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,633 shares of the semiconductor provider’s stock after buying an additional 861 shares during the quarter. SVB Wealth LLC’s holdings in NXP Semiconductors were worth $536,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $215,000. Paradigm Financial Partners LLC raised its position in shares of NXP Semiconductors by 8.8% during the third quarter. Paradigm Financial Partners LLC now owns 10,984 shares of the semiconductor provider’s stock worth $1,746,000 after purchasing an additional 885 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of NXP Semiconductors by 1.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,396,378 shares of the semiconductor provider’s stock worth $1,386,060,000 after purchasing an additional 159,410 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of NXP Semiconductors by 6.1% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 1,126 shares of the semiconductor provider’s stock worth $166,000 after purchasing an additional 65 shares during the period. Finally, South Dakota Investment Council raised its position in shares of NXP Semiconductors by 309.2% during the third quarter. South Dakota Investment Council now owns 26,596 shares of the semiconductor provider’s stock worth $3,923,000 after purchasing an additional 20,096 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 0.7 %

Shares of NASDAQ NXPI opened at $189.79 on Wednesday. NXP Semiconductors has a one year low of $132.08 and a one year high of $200.64. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.12 and a quick ratio of 1.58. The business’s fifty day moving average price is $170.97 and its 200-day moving average price is $165.77. The stock has a market capitalization of $49.18 billion, a PE ratio of 17.97, a P/E/G ratio of 0.76 and a beta of 1.50.

NXP Semiconductors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, March 14th. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.85. NXP Semiconductors’s dividend payout ratio is currently 38.35%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research reports. Oppenheimer upped their target price on NXP Semiconductors from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft upped their target price on NXP Semiconductors from $185.00 to $200.00 in a research report on Wednesday, February 1st. KGI Securities downgraded NXP Semiconductors from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Barclays upped their price target on NXP Semiconductors from $140.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, January 23rd. Finally, KeyCorp decreased their price target on NXP Semiconductors from $260.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, November 2nd. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.95.

About NXP Semiconductors

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.