NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Ritholtz Wealth Management

Posted by Defense World Staff on Mar 27th, 2023

Ritholtz Wealth Management lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 26.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,880 shares of the semiconductor provider’s stock after selling 2,139 shares during the quarter. Ritholtz Wealth Management’s holdings in NXP Semiconductors were worth $929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ARS Investment Partners LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV increased its stake in shares of NXP Semiconductors by 148.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 196 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of NXP Semiconductors by 455.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 222 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Old North State Trust LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $39,000. Finally, CoreCap Advisors LLC purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NXPI. Susquehanna cut their price objective on NXP Semiconductors from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, February 1st. Needham & Company LLC upped their price target on NXP Semiconductors from $200.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 1st. Raymond James upped their price target on NXP Semiconductors from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Stifel Nicolaus upped their price target on NXP Semiconductors from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Finally, Citigroup upped their price target on NXP Semiconductors from $150.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $188.95.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $176.55 on Monday. The stock’s 50-day moving average is $180.98 and its two-hundred day moving average is $166.80. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.74 and a beta of 1.53. NXP Semiconductors has a 1 year low of $132.08 and a 1 year high of $198.28. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.58 and a current ratio of 2.12.

NXP Semiconductors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $1.014 per share. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, March 14th. This represents a $4.06 annualized dividend and a dividend yield of 2.30%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.45%.

NXP Semiconductors Company 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.