Ascent Group LLC Has $1.23 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Posted by on Mar 15th, 2023

Ascent Group LLC reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,427 shares of the semiconductor provider’s stock after selling 456 shares during the period. Ascent Group LLC’s holdings in NXP Semiconductors were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC grew its stake in shares of NXP Semiconductors by 31.1% during the third quarter. SVB Wealth LLC now owns 3,633 shares of the semiconductor provider’s stock worth $536,000 after buying an additional 861 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $271,000. Money Concepts Capital Corp bought a new stake in shares of NXP Semiconductors in the third quarter worth $69,000. Inspire Advisors LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $204,000. Finally, Trust Asset Management LLC grew its stake in shares of NXP Semiconductors by 5.3% in the second quarter. Trust Asset Management LLC now owns 2,799 shares of the semiconductor provider’s stock worth $414,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

NXP Semiconductors Trading Up 2.8 %

NXPI opened at $178.82 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.12 and a quick ratio of 1.58. NXP Semiconductors has a fifty-two week low of $132.08 and a fifty-two week high of $198.28. The firm has a market capitalization of $46.41 billion, a PE ratio of 16.93, a P/E/G ratio of 0.74 and a beta of 1.53. The company’s 50-day moving average is $178.61 and its 200 day moving average is $165.96.

NXP Semiconductors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, March 14th. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.85. NXP Semiconductors’s dividend payout ratio is currently 32.01%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several analyst reports. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Credit Suisse Group boosted their price objective on shares of NXP Semiconductors from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Cowen boosted their price objective on shares of NXP Semiconductors from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. UBS Group raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price target for the company from $160.00 to $167.00 in a research report on Tuesday, January 10th. Finally, Raymond James upped their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.95.

NXP Semiconductors Profile

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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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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