Affinity Wealth Management LLC Has $229,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Affinity Wealth Management LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 14.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,103 shares of the semiconductor provider’s stock after purchasing an additional 136 shares during the quarter. Affinity Wealth Management LLC’s holdings in NXP Semiconductors were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC lifted its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $213.43 on Friday. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The stock has a market capitalization of $54.25 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company’s 50 day simple moving average is $216.79 and its 200 day simple moving average is $234.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company posted $3.31 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

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.