Savant Capital LLC Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Savant Capital LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 55.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,704 shares of the semiconductor provider’s stock after selling 2,162 shares during the quarter. Savant Capital LLC’s holdings in NXP Semiconductors were worth $354,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at about $33,000. Brooklyn Investment Group grew its holdings in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of 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 purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.1 %

NXPI stock opened at $224.14 on Tuesday. The business has a fifty day moving average price of $213.16 and a 200 day moving average price of $227.93. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several analyst reports. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. TD Cowen dropped their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors 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.